DAX Hits New Highs

2026-01-06 09:25 By Luisa Carvalho 1 min. read

The DAX in Frankfurt edged up 0.4% to surpass 24,900 on Tuesday, reaching fresh record highs, as investors assessed fresh economic data while keeping an eye on geopolitical developments in Venezuela.

At the same time, Germany’s multi-billion-euro spending on infrastructure and defense continues to underpin the index amid hopes of an economic rebound.

On the data front, final PMI survey showed Germany's services sector growth eased for the second month running in December but remained solid.

Attention turns to December's preliminary inflation figures due later in the day.

Among stocks, Infineon Technologies led gains, up 4.8%, followed by Daimler Truck (3.7%), Merck (3.2%) and MTU Aero Engines (1.8%).

On the flip side, Adidas shares tumbled over 6% after Bank of America downgraded the stock two levels to Underperform, citing a largely priced-in turnaround and expected margin and growth normalization amid a tougher sector environment.



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