German Stocks Rally
2025-11-10 08:42
By
Luisa Carvalho
1 min. read
Germany’s DAX extended early gains, closing about 1.7% firmer at 23,976 on Monday, rebounding from a six-week low in the prior session.
Optimism returned to global markets after Congress struck a deal to end the US government shutdown, which began on October 1 and became the longest in American history.
Meanwhile, investors kept an eye on corporate updates and earnings.
Commerzbank led the way, climbing 6.2%, following a Deutsche Bank upgrade to “buy,” driven by expectations of accelerating net interest income growth.
Siemens Energy followed closely, up 4.4%, after Jefferies upgraded the stock from “hold” to “buy.” Hannover Rück gained 3.4% after the reinsurer reported Q3 net income above market consensus and raised its full-year 2025 guidance.