DAX Extends Gains

2026-08-12 13:17 By Luisa Carvalho 1 min. read

The DAX 40 extended initial gains on Wednesday, rising 0.5% to a fresh high above 26,500 and extending gains for a fifth straight session.

Traders weighed economic data, Middle East developments and corporate earnings.

The latest US data showed inflation eased in line with expectations in July, while core inflation also slowed slightly, tempering expectations of Fed rate hikes.

Tech stocks rallied, with Infineon Technologies rising 3.8%, following surprisingly strong earnings from US companies CoreWeave and Super Micro Computer.

Industrials also advanced solidly, led by Rheinmetall (4.5%).

Siemens Energy advanced 4%, buoyed by an upgraded outlook from wind turbine maker Vestas.

TKMS jumped over 11% in the wake of solid results and an upgraded full-year revenue outlook.

By contrast, TUI dropped nearly 2% after missing Q3 operating profit expectations.

Brenntag fell 1.8% as JPMorgan maintained its Sell rating, even after solid Q2 performance and an improved full-year earnings outlook.



News Stream
DAX Extends Gains
The DAX 40 extended initial gains on Wednesday, rising 0.5% to a fresh high above 26,500 and extending gains for a fifth straight session. Traders weighed economic data, Middle East developments and corporate earnings. The latest US data showed inflation eased in line with expectations in July, while core inflation also slowed slightly, tempering expectations of Fed rate hikes. Tech stocks rallied, with Infineon Technologies rising 3.8%, following surprisingly strong earnings from US companies CoreWeave and Super Micro Computer. Industrials also advanced solidly, led by Rheinmetall (4.5%). Siemens Energy advanced 4%, buoyed by an upgraded outlook from wind turbine maker Vestas. TKMS jumped over 11% in the wake of solid results and an upgraded full-year revenue outlook. By contrast, TUI dropped nearly 2% after missing Q3 operating profit expectations. Brenntag fell 1.8% as JPMorgan maintained its Sell rating, even after solid Q2 performance and an improved full-year earnings outlook.
2026-08-12
DAX Advances to Fresh Highs
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.
2026-08-12
The DAX Index Opens 0.11% Higher
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%).
2026-08-12