DAX Crosses 24,200 to Hit New Peak

2026-01-09 12:59 By Luisa Carvalho 1 min. read

The DAX in Frankfurt extended early gains to breach the 24,200 mark on Friday afternoon, hitting a new milestone, ahead of the key December US jobs report and the imminent Supreme Court decision on Trump's tariffs.

Meanwhile, investors eyed geopolitical developments while also assessing domestic economic data.

Germany’s industrial output unexpectedly rose in November, recording three consecutive months of growth, but exports declined, offering a mixed picture for Europe's largest economy.

Among single stocks, Volkswagen moved to the top of the index, up 3.4%, followed by SAP (+3.2%) and Infineon Technologies (+2.4%).

Fresenius Medical Care added 2% after announcing the continuation of its €1 billion share buyback program, with a second tranche of €415 million running from January 12 to May 8.

On the flip side, insurers faced renewed pressure, after Morgan Stanley cited the challenging industry environment and a weaker renewal round.

Allianz, Hannover Re and Munich Re lost around 2%.



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