The DAX Index Opens 0.61% Higher

Frankfurt’s DAX 40 rose 0.6% to above 25,500 on Friday, reaching a more than three-week high and extending its gains for a third consecutive session. Market sentiment was supported by easing concerns over AI spending and interest rates, while lower oil prices also provided some relief. Meanwhile, traders continued to monitor corporate earnings and geopolitical developments. Most sectors traded higher, led by autos, industrials, retailers, banks and telecom stocks. BMW, Mercedes-Benz Group and Volkswagen were among the top gainers, rising around 2% each. Rheinmetall, Scout24, Fresenius SE & Co, Zalando and Heidelberg Materials also advanced firmly. Commerzbank rose 1.1% after the ECB approved UniCredit’s plans to increase its stake, raising hopes that the deal could improve the bank’s profitability. On the losing side, Infineon (-0.6%) and Beiersdorf (-0.4%) lagged.

The DAX Index is gaining 155 points or 0.61 percent on Friday. Leading the gains are Rheinmetall (3.41%), Fresenius (1.72%) and BMW (1.56%). Top losers are Infineon (-1.03%), Merck (-0.47%) and Brenntag (-0.37%).

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%.