DAX Closes Higher
Frankfurt's DAX 40 rose 0.7% to close at 25,607 on Tuesday, recovering from early losses and posting a second consecutive daily gain. Lower oil prices and stabilizing bond yields supported market sentiment, while attention remained on corporate earnings and the upcoming monetary policy decisions from the Fed and ECB. Tech and AI-related stocks powered the rally, amid optimism around AI investment. Infineon Technologies surged 4.6% after announcing plans to invest around €1.1 billion in its Austrian site in Villach by 2034 to expand production of gallium nitride power semiconductors. Siemens Energy, Hochtief and Siemens also advanced firmly.
Frankfurt's DAX 40 rose 0.7% to close at 25,607 on Tuesday, recovering from early losses and posting a second consecutive daily gain. Lower oil prices and stabilizing bond yields supported market sentiment, while attention remained on corporate earnings and the upcoming monetary policy decisions from the Fed and ECB. Tech and AI-related stocks powered the rally, amid optimism around AI investment. Infineon Technologies surged 4.6% after announcing plans to invest around €1.1 billion in its Austrian site in Villach by 2034 to expand production of gallium nitride power semiconductors.
Siemens Energy, Hochtief and Siemens also advanced firmly.