The DAX Index Closes 0.10% Higher

Frankfurt's DAX 40 gave back much of its advance to close marginally up at 25,375 on Tuesday, while its European peers were mixed. Investors remained cautious amid lingering uncertainty over the Middle East, despite lower oil prices and renewed strength in technology stocks. They also braced for a deluge of economic data due tomorrow, including German inflation figures that could influence the ECB's next moves. The tech sector outperformed amid expectations that continued heavy AI investment will support long-term chip demand, while enthusiasm also grew ahead of the upcoming White House AI summit. Chipmaker Infineon Technologies and AI-related Siemens Energy climbed 4.6% and 3.7%, respectively, Industrials also gained, benefiting from lower oil prices. On the other hand, pharma & healthcare, telecom, utilities, autos and chemical companies were the most pressured. Fresenius SE & Co (-4.9%), Bayer (-3.7%) and Fresenius Medical Care (-3.2%) posted the biggest losses.

The DAX Index went up by 25 points or 0.10 percent on Tuesday to close at 25399 points. The rise was led by Infineon (4.42%), Siemens Energy (3.51%) and Vonovia (1.96%). On the downside, the weakerst performers were Fresenius (-4.87%), Bayer (-3.78%) and Fresenius Medical Care (-3.16%).

Frankfurt's DAX 40 extended initial gains, rising 0.7% to cross 25,500 on Tuesday afternoon, mainly driven by tech stocks, while declining oil prices also provided support. Market sentiment remains largely influenced by developments in the Middle East. Indirect talks between US and Iranian officials continued through mediators, but Iranian officials privately questioned whether a ceasefire deal could be reached before the November midterm elections. The tech sector was the standout performer, amid expectations that continued massive AI investment will support long-term chip demand. The upcoming White House AI summit also likely played a significant role. Chipmaker Infineon Technologies and AI-related Siemens Energy climbed 5.3% and 4.2%, respectively, Industrials, banks, retailers and autos also posted solid gains, while pharmaceuticals, telecom and utilities lagged. Bayer (-2.9%) and Fresenius Medical Care (-1.6%) fell the most following downgrades of their shares.