The DAX Index Closes 0.33% Higher

Frankfurt’s DAX 40 closed 0.3% higher at 25,368 on Thursday, recovering from earlier losses in a choppy trading session. Gains in software, retail and telecom stocks offset declines in technology, banking and industrials. Meanwhile, investors monitored geopolitical developments and the ongoing earnings season ahead of Federal Reserve Chair Kevin Warsh’s speech on Friday. Recent upside surprises in US inflation have reinforced expectations of a prolonged period of elevated interest rates. Scout24 led gains among stocks, rising more than 7%, followed by Rheinmetall (4.4%), Zalando (3.8%), Fresenius Medical Care (3%), SAP (2.2%), Adidas (2.1%) and Airbus (2.1%). On the downside, Infineon Technologies dropped over 5% to the bottom of the index, reflecting the general weakness in the tech sector. Shares of energy technology company Siemens Energy declined by 2.1%. RWE, Deutsche Bank, Siemens and Bayer also posted losses up to 1.8%.

The DAX Index went up by 84 points or 0.33 percent on Thursday to close at 25383 points. The rise was led by Rheinmetall (3.87%), Zalando (3.63%) and Scout24 (2.98%). On the downside, the weakerst performers were Infineon (-5.53%), Hochtief (-2.51%) and Siemens Energy (-2.16%).

Frankfurt's DAX 40 fell about 0.4% to trade near 25,200 on Thursday, pressured by a broader sell-off in technology stocks. Investor caution intensified as concerns over AI-related spending coincided with fears of higher US interest rates and the prospect of increased financing costs, particularly for companies reliant on substantial investment. Meanwhile, traders continued to monitor geopolitical developments and corporate earnings worldwide. Infineon Technologies plunged over 9%, making it the worst performer, with AI-related Siemens Energy (-6.9%) and Hochtief (-3.5%) also falling sharply. Other notable decliners included Siemens, Continental, GEA Group, RWE, Deutsche Bank and Commerzbank, falling between 0.6% and 2.6%. On the upside, telecom, insurers and software companies advanced the most. Deutsche Telekom led gains, rising over 3%, followed by Scout24 (3%), Hannover Ruck (2.6%) and Munchener Ruck (2.5%).