DAX Settles at New High

2026-07-06 16:04 By Luisa Carvalho 1 min. read

Frankfurt’s DAX 40 closed about 0.2% up at 25,833 on Monday, setting a new record high and extending last week’s rally.

Lower oil prices and expectations of strong quarterly earnings, especially from tech firms, supported investor sentiment.

Meanwhile, Germany's cabinet has approved the first draft of the 2027 budget aimed at revitalizing the economy through increased investment and defense spending.

Among key movers, Thyssenkrupp climbed over 11% on reports that Canada had selected its marine division to build 12 submarines under a contract valued at more than $100 billion.

This also boosted defense names such as Rheinmetall (3.3%), Hensoldt (6.1%) and Renk (4.2%).

Other top gainers included Fresenius SE & Co (2%), Deutsche Borse (1.9%), Deutsche Telekom (1-.5%), Airbus (1.4%) and Deutsche Bank (1.3%).

On the downside, Bayer (-5.1%), Merck (-2.1%) and Symrise (-1.8%) emerged as the biggest laggards.



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