DAX Finishes on Higher Note

Frankfurt’s DAX 40 closed about 0.7% firmer at 25,717 on Thursday, it highest in more than a week, marking the second straight session of gains. The continued decline in oil prices and the easing in global bond yields lifted market sentiment. The Federal Reserve’s rate hike and hawkish stance a day earlier also reassured investors of its commitment to containing inflation while defending its policy credibility. Meanwhile, President Trump threatened the EU with “very serious tariffs” or trade restrictions over Ursula von der Leyen’s proposal to allow Canada to become the bloc’s first “associate member.” Most sectors recorded gains, particularly autos, industrials, banks and utilities. Qiagen NV led the way, surging 3.8%, amid rumors of renewed private equity interest for aquisition. Siemens Energy added 3.5%. Automotive stocks also saw strong buying, with shares of Volkswagen, BMW and Mercedes-Benz rising 2.7%, 1.9% and 1.3%.

The DAX Index rose 179 points or 0.70 percent on Thursday to close at 25717 points. Leading the gains are Porsche Automobil (4.32%), Qiagen NV (3.82%) and Siemens Energy (3.41%). Top losers were Fresenius Medical Care (-2.57%), Deutsche Telekom (-1.87%) and Adidas (-1.56%).

Frankfurt’s DAX 40 rose about 0.7% to above 25,700 on Thursday, reaching its highest level in more than a week as oil prices continued to decline and global bond yields eased following the widely anticipated 25-basis-point rate hike by the US Federal Reserve. Fed Chair Kevin Warsh maintained a firm stance on inflation while avoiding a renewed surge in long-term yields, a combination that reassured investors. Meanwhile, trade tensions were in focus after President Trump threatened the EU with “very serious tariffs” or trade restrictions over Ursula von der Leyen’s proposal to allow Canada to become the bloc’s first “associate member.” Most sectors traded in the green, led by autos and industrials. Energy stocks such as Siemens Energy (+2%) and automotive stocks like BMW (+1.5%) and Volkswagen (1.1%) saw higher demand. On the flip side, the tech sector came under pressure, with Infineon Technologies among the biggest decliners, falling 2.5%.