The DAX Index Opens 1.01% Higher

Frankfurt's DAX 40 advanced more than 1% to around 26,640 on Wednesday, hitting an all-time high and extending its winning streak into three sessions. Global market sentiment gained fresh momentum, underpinned by renewed enthusiasm for technology stocks. CoreWeave’s upbeat business outlook helped counter fears of an AI bubble, while the prospect of Anthropic PBC going public added another layer of excitement. Meanwhile, oil prices remained close to eleven-week lows, also providing support. Siemens Energy led gains among stocks, climbing more than 6% after reporting record quarterly revenue, raising its full-year guidance and announcing plans to expand its share buyback programme. Infineon Technologies (5.7%) and Siemens (1.9%) followed suit. Other notable performers included Deutsche Bank, Hochtief, GEA Group and Deutsche Posts, each adding more than 1%. By contrast, Brenntag lagged, dropping 4.4% as cost pressures and a slight profitability miss overshadowed broadly positive results.

The DAX Index is up by 266 points or 1.01 percent on Wednesday. Top gainers are Siemens Energy (6.64%), Infineon (5.67%) and Siemens (2.06%).

The DAX Index gained 142 points or 0.54 percent on Tuesday to close at 26409 points. Gains were led by Henkel (3.70%), Zalando (3.28%) and Daimler Truck Holding AG (2.80%). Biggest losers were Siemens Energy (-3.77%), Porsche Automobil (-3.60%) and Volkswagen (-2.45%).