DAX Advances for 3rd Session
Frankfurt's DAX 40 rose 0.3% to cross 25,300 on Tuesday, marking the third session of advances, led by retailers and pharmaceutical shares, while falling oil prices and bond yields also offered support. Investors also assessed economic data and fresh corporate earnings. Germany’s annual inflation rate was confirmed at 3.3% in September, the steepest since December 2023, up from 2.9% in August. Zalando was the top performer, climbing more than 7%, followed by Fresenius SE & Co, Siemens Healthineers, Fresenius Medical Care and Bayer, each rising more than 4%. On the downside, tech stocks came under pressure, with Infineon Technologies plunging 4.8% amid renewed concerns over the massive investments required to develop artificial intelligence infrastructure.
3% to cross 25,300 on Tuesday, marking the third session of advances, led by retailers and pharmaceutical shares, while falling oil prices and bond yields also offered support. Investors also assessed economic data and fresh corporate earnings. 9% in August. Zalando was the top performer, climbing more than 7%, followed by Fresenius SE & Co, Siemens Healthineers, Fresenius Medical Care and Bayer, each rising more than 4%.
8% amid renewed concerns over the massive investments required to develop artificial intelligence infrastructure.