The DAX Index Closes 1.06% Higher

The DAX Index rose 279 points or 1.06 percent on Wednesday to close at 26626 points. Leading the gains are Siemens Energy (10.60%), Infineon (6.48%) and RWE (2.20%).

Frankfurt's DAX 40 regained ground to close about 1.2% up at 26,642 on Wednesday, setting a new record high and extending gains for the third day. Renewed enthusiasm for technology and AI-related stocks offset rising oil prices and concerns about interest rates. Meanwhile, the earnings season remained in focus. Tech stocks such as Infineon Technologies (+6.7%) provided the main boost, on the back of an upbeat outlook from CoreWeave and anticipation ahead of Anthropic's IPO. Siemens Energy surged over 10%, making it the top performer, after reporting record quarterly revenue, raising growth ambitions and expanding its share buyback programme. RWE added 2.2% as it posted adjusted core earnings for the first nine months of the year that beat expectations, while also confirming full-year guidance. Among losers, Rheinmetall slipped 6.5%, while Brenntag dropped 3.8% as cost pressures and a slight profitability miss overshadowed broadly positive results.

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.