DAX at Over 3-Week High
2026-10-16 08:08
By
Luisa Carvalho
1 min. read
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.