DAX Recovers and Hit New Record
2026-11-13 11:25
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 turned slightly positive on Friday, breaking above the 26,800 mark to hit a fresh record, as optimism over the earnings season offset concerns about inflation and potential interest rate hikes.
Meanwhile, investors continued to assess the potential implications of Nvidia CEO Jensen Huang's reported resignation for the broader technology sector.
Utilities and insurers were among the top performers, while aerospace and defence stocks and tech companies lagged.
Brenntag surged over 2% to the top of the index.
E.ON (+1.5%) and RWE (+0.8%) were boosted by reports that the German government plans to acquire their combined one-third stake in nuclear UK-based company Urenco.
Meanwhile, Mercedes-Benz Group announced on Thursday that it would halt all new investment at its German facilities for the time being, while also considering potential plant closures.
On the losing side, Rheinmetall (-2.1%), Vonovia (-1.2%) and MTU Aero Engines (-1.1%) were the worst performers.