DAX Up to 1-Week High
2026-05-14 07:55
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 rose more than 1% to cross 24,400 on Thursday, the highest in a week, following yesterday's decline and outperforming its European peers.
Market sentiment was buoyed by continued optimism about artificial intelligence, while investors also eyed political developments and the ongoing earnings season.
On the political front, turbulence in the UK was overshadowed by the two-day Beijing summit between US President Donald Trump and Chinese President Xi Jinping.
Trade, tech, and Iran were at the top of the agenda in talks expected to help stabilise relations between the two leading economies.
Among key movers, Infineon led the way, rising 3.1%, amid a global chip rally following US approval of Nvidia’s H200 AI chips for around 10 Chinese firms.
Siemens gained 3% after revealing plans to acquire several core business units from Mermec Group.
Volkswagen, Porsche Automobil and Rheinmetall also advanced firmly, rising more than 2% each.