DAX ends three-day losing streak; VW, SAP among top movers
DAX 40 closed Thursday about 0.6% higher at 26,008, ending a three-day losing streak. Autos, software and financials led as falling global bond yields supported sentiment amid geopolitical uncertainty keeping oil elevated.
The DAX 40 finished about 0.6% up at 26,008 on Thursday, halting a three-day losing streak, mainly supported by gains in autos, software and financials.
Falling global bond yields supported market sentiment, while ongoing geopolitical uncertainty kept oil prices elevated.
Among key movers, Volkswagen climbed 3.3% to the top of the index following media reports that the automaker could sell or reduce stakes in around 750 subsidiaries and investments.
SAP shares rose 2.5%, benefiting from Snowflake’s stronger revenue outlook.
Deutche Telekom added 1.1%, following reports that Elliott investment built up a larger stake in an attempt to prevent a multi-billion dollar merger with T-Mobile US.