The DAX Index Closes 1.03% Higher

The DAX Index rose 254 points or 1.03 percent on Thursday to close at 24995 points. Leading the gains are Bayer (18.72%), Merck (5.00%) and Vonovia (3.46%).

The DAX 40 pushed higher to close about 1% firmer at 25,000 on Thursday, marking the second day of gains and outperforming its European peers, driven by pharma and tech stocks. Bayer shares jumped nearly 19% after a US Supreme Court ruling in favor of the pharmaceutical and agrochemical company in lawsuits related to its Roundup weedkiller. Infineon Technologies was also among the top gainers, rising 3.2%, boosted by renewed investor confidence in AI following encouraging outlooks from chipmakers Micron Technology and Qualcomm. Vonovia advanced 3% following a buy recommendation from Deutsche Bank. Meanwhile, Volkswagen rose 1.7% after confirming the sale of a majority stake in its engine unit Everllence to private equity firm Bain Capital for approximately €7.4 billion, supporting its restructuring plans and easing debt concerns. On the losing side, Fresenius Medical Care (-3%) and Scout24 (-2.8%) posted the biggest declines.

The DAX 40 edged up on Thursday, rising 0.6% toward 24,900, following two consecutive downbeat sessions, led by gains in tech stocks, while easing oil prices amid progress in US-Iran ceasefire provided further support. Micron Technology delivered stronger-than-expected earnings and forecast robust demand for AI memory chips, reigniting optimism over artificial intelligence spending and lifting technology stocks after the recent global selloff. Infineon Technologies led gains among stocks, surging over 5%. Other top performers included RWE, Siemens Energy, E.ON and Adidas, rising up to 1.9%. Volkswagen rose 1.5%, with the company agreeing to sell a majority stake in engine maker Everllence to Bain Capital for €7.4 billion, as part of efforts to streamline operations and raise cash from the former wholly owned subsidiary. On the flip side, Fresenius Medical Care (-4.3%), Deutsche Borse (-2.1%) and SAP (-2.1%) were the biggest laggards.