DAX Lacks Direction

2026-11-02 09:01 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 swung between small gains and losses on Monday, as some caution persisted ahead of the outcome of the US midterm elections and further corporate earnings reports.

Meanwhile, oil prices declined sharply reports that President Trump wants to extend negotiations with Iran before considering resuming airstrikes after the elections.

Technology stocks, industrials and banks were among the top performers, while telecom lagged.

Infineon Technologies moved to the top of the index, rising 2.9%, while AI-related Siemens Energy advanced 2.1%.

Fresenius SE & Co gained 1.5% after announcing a partnership with WuXi Biologics to broaden its generic drug portfolio.

The agreement reinforces its pipeline and strengthens its position alongside Sandoz in the market from 2030 onwards.

Other top performers included MTU Aero Engines, Heidelberg Materials, Symrise, Henkel and Airbus, while Deutsche Telekom (-2.3%) and Deutsche Borse (-1.9%) posted the biggest declines.



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