DAX Closes at 3-Week High

2025-12-04 17:29 By Luisa Carvalho 1 min. read

Frankfurt's DAX closed about 0.8% firmer at 23,882 on Thursday, the highest level in three weeks, reversing yesterday's slight decrease and outperforming its peers.

Gains were led by the auto sector, buoyed by Bank of America’s upgraded 2026 outlook, amid the anticipated easing of regulatory pressure on European automakers.

EU Transport Commissioner Apostolos Tzitzikostas hinted this week that Brussels will most likely reverse the 2035 phase-out of combustion engines.

Porsche (+5.8%), Daimler Truck (+5.8%), Mercedes-Benz (+4.6%), BMW (+4.1%) and Volkswagen (+2.8%) all posted solid gains.

Siemens Energy also performed strongly, gaining 2.7% after JP Morgan upgraded its rating to "Overweight" from "Neutral".

A positive comment from JPMorgan boosted SAP shares by nearly 2%.

Commerzbank gained 1.4% after Goldman Sachs removed its sell rating.

On the flip side, BASF (-3.1%), Bayer (-2.1%) and Scout24 (-1.9%) were the biggest laggards.



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