DAX Hits Record High

2026-07-02 16:06 By Luisa Carvalho 1 min. read

The DAX 40 gained ground to close about 2.2% firmer at an all-time high of 25,546 on Thursday, outperforming its regional peers.

Sentiment was lifted by a new government reform package, upbeat corporate news and reduced expectations of Fed and ECB rate hikes.

Earlier in the day, Chancellor Friedrich Merz's coalition unveiled an ambitious reform package aimed at boosting the economy, including €10 billion in tax cuts for lower-income households, pension reforms and measures to expand affordable housing.

Bayer shares stood out with a gain of 8.2%, after announcing it would consolidate its US business with the controversial weedkiller glyphosate into a separate subsidiary called Ruveon.

Analysts at Deutsche Bank upgraded their recommendation on the company to "Buy" from "Hold".

Vonovia gained 6% after receiving a "Buy" rating from JPMorgan, and Deutsche Bank rose 5.2% after Morgan Stanley raised its price target and the lender announced a collective bargaining agreement at Postbank.



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