DAX Gains Ground

2026-10-29 14:32 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 extended early gains to close about 1.3% firmer at 26,053 on Thursday, its highest since late August and notching a fourth session of advances.

Investors parsed a fresh raft of corporate earnings while digesting the ECB’s latest monetary policy decision.

The central bank maintained the status quo, as expected, adopting a wait-and-see approach and noting no second-round effects from higher energy prices so far.

Most sectors gained, led by consumer goods, banks, pharma & healthcare, industrials and tech.

Adidas climbed nearly 6%, making it the top performer, buoyed by record profits and an upgraded full-year outlook.

Deutsche Bank also advanced solidly, rising 3.8%, alongside Bayer (4.1%) and Merck (2.9%).

Rheinmetall gained 3.3% as it won option order for 69 Schakal infantry fighting vehicles.

On the flip side, Vonovia (-3%) remained at the bottom, as it adopted a more cautious full-year outlook and revised some 2028 targets following preliminary nine-months results.



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Frankfurt's DAX 40 extended early gains to close about 1.3% firmer at 26,053 on Thursday, its highest since late August and notching a fourth session of advances. Investors parsed a fresh raft of corporate earnings while digesting the ECB’s latest monetary policy decision. The central bank maintained the status quo, as expected, adopting a wait-and-see approach and noting no second-round effects from higher energy prices so far. Most sectors gained, led by consumer goods, banks, pharma & healthcare, industrials and tech. Adidas climbed nearly 6%, making it the top performer, buoyed by record profits and an upgraded full-year outlook. Deutsche Bank also advanced solidly, rising 3.8%, alongside Bayer (4.1%) and Merck (2.9%). Rheinmetall gained 3.3% as it won option order for 69 Schakal infantry fighting vehicles. On the flip side, Vonovia (-3%) remained at the bottom, as it adopted a more cautious full-year outlook and revised some 2028 targets following preliminary nine-months results.
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