The DAX Index Opens 0.11% Higher

The DAX 40 edged up to around 26,430 on Wednesday, marking a fresh high and extending its winning run to five sessions. Traders monitored more corporate earnings and eyed geopolitical developments ahead of the release of a key US inflation report. Gains were largely driven by technology and industrial stocks, outweighing losses in consumer cyclicals, telecommunications companies, and automakers. Siemens Energy and Rheinmetall performed strongly, rising 3.9% and 2.4%, respectively. Chipmaker Infineon Technologies and AI-related Hochtief followed, up around 1.6% each. TKMS jumped over 11% as investors welcomed solid results and an upgraded full-year revenue outlook from the naval shipbuilder. On the downside, TUI dropped nearly 2% after Europe's largest travel company missed Q3 operating profit expectations. Brenntag fell 1.6% despite reporting solid second-quarter performance, driven by higher chemical prices, and raised its full-year earnings outlook.

The DAX Index is gaining 29 points or 0.11 percent on Wednesday. Leading the gains are Siemens Energy (3.49%), Infineon (1.46%) and Rheinmetall (0.94%). Top losers are Adidas (-2.33%), Porsche Automobil (-1.68%) and E.ON (-1.37%).

The DAX rose 0.3% to a record of 26,385 on Tuesday as gains for utilities offset losses elsewhere. Siemens Energy led the advance, rising 3.2% after reports that the company booked the most gas-turbine orders in the second quarter. The company continued to trade in tandem with AI infrastructure companies amid the development of power-hungry data centers. Likewise, data center projects were due to boost RWE (1.7%) and E.ON (0.9%) ahead of their earnings this week. Auto stocks also outperformed following data showing US auto loans at record levels. BMW rose 1.2% and Volkswagen gained 0.1%, while Daimler Truck Holdings fell 1.9% as rising Middle East tensions pushed fuel prices higher and concerns over the shift toward electric vehicles weighed on sentiment. Adidas dropped 3% after On Holding missed estimates for second-quarter net sales, highlighting a tougher macroeconomic environment. Zalando fell 2.6%.