DAX Hits Over 2-Month High

2026-11-04 09:14 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 rose over 1% to cross 26,100 on Wednesday, reaching its highest level since late August, following a prior downbeat session.

Global market sentiment improved following the Democratic victory in the US Congress, which will likely constrain President Trump's legislative agenda.

Meanwhile, investors continued to monitor geopolitical developments and the ongoing earnings season.

Most sectors traded higher, led by banks, autos and retailers.

Among key movers, Heidelberg Materials jumped more than 8% after the company reported better-than-expected Q3 2026 profit and revenue, while also raising its cost-efficiency targets.

Continental surged over 6% after stronger-than-expected Q3 operating profit led the company to raise its 2026 margin and cash flow targets.

Deutsche Bank and Commerzbank gained 5.1% and 4.7%, respectively.

On the downside, defense giant Rheinmetall faced pressure, dropping over 2%.

Deutsche Borse, Hochtief and Siemens Energy also declined.



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