DAX Trims Gains

2026-11-12 13:49 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 pared its early advance to traded slightly up around 26,700, despite remaining at record levels, supported by strong corporate earnings.

Meanwhile, President Trump's remarks reignited doubts over a US-Iran deal, pushing oil prices higher.

Also, the crisis at the top of the chip giant Nvidia continued to rattle global markets, jeopardizing the chip sector and enthusiasm for AI.

Among single stocks, Munich Re climbed 2.5%, topping the index, following better-than-expected Q3 results.

Siemens rose 1.5%, after beating fourth-quarter expectations on record order intake and raising its medium-term targets, while Allianz advanced 1.4% after raising the upper end of its 2026 operating profit outlook.

Conversely, Rheinmetall and Brenntag were the biggest losers, each down more than 2%.

Merck reversed early gains and fell around 1%, despite stronger revenue growth and an upward revision to its full-year guidance.



News Stream
DAX Trims Gains
Frankfurt's DAX 40 pared its early advance to traded slightly up around 26,700, despite remaining at record levels, supported by strong corporate earnings. Meanwhile, President Trump's remarks reignited doubts over a US-Iran deal, pushing oil prices higher. Also, the crisis at the top of the chip giant Nvidia continued to rattle global markets, jeopardizing the chip sector and enthusiasm for AI. Among single stocks, Munich Re climbed 2.5%, topping the index, following better-than-expected Q3 results. Siemens rose 1.5%, after beating fourth-quarter expectations on record order intake and raising its medium-term targets, while Allianz advanced 1.4% after raising the upper end of its 2026 operating profit outlook. Conversely, Rheinmetall and Brenntag were the biggest losers, each down more than 2%. Merck reversed early gains and fell around 1%, despite stronger revenue growth and an upward revision to its full-year guidance.
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DAX Hits New Peak
Frankfurt's DAX 40 rose over 1% to surpass 26,900 on Thursday, setting a fresh record high and extending gains for the fourth straight session. Strong corporate earnings and falling oil prices supported sentiment, offsetting renewed tech-sector concerns. Nvidia was at the centre of the turmoil, after reports emerged that the company's board was considering Jensen Huang's removal as CEO following allegations of a second affair with an executive at his company. Industrials and insurers were among the strongest performers. Siemens climbed 4.5%, topping the index, after beating fourth-quarter expectations on record order intake and raising its medium-term targets. Merck gained around 3% after lifting its full-year guidance for the third time this year. Allianz rose 2.2% after raising the upper end of its 2026 operating profit outlook, while Munich Re advanced 1.5% on better-than-expected third-quarter results. Infineon Technologies was the biggest laggard, dropping nearly 2%.
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The DAX Index is picking up 309 points or 1.16 percent on Thursday. Gains are led by Siemens (4.68%), Zalando (3.66%) and Merck (2.51%).
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