DAX Edges Higher as Market Sentiment Stabilizes
Germany's DAX 40 rose 0.3% to 25,920 points on Monday, as markets regained some composure following last week's losses, driven by concerns that a Democratic sweep in the US midterm elections could lead to tighter AI regulation. Sentiment was supported by lower oil prices after US President Donald Trump downplayed the prospect of further strikes on Iran, while investors assessed a fresh wave of corporate developments. Among individual stocks, SAP gained nearly 2% following an upgrade to Overweight by JPMorgan, while Commerzbank advanced more than 3% after UniCredit raised its profit target ahead of its planned takeover of the German lender. On the downside, Hochtief plunged 6% after ACS denied takeover reports, while Nvidia fell 6% in Frankfurt amid reports of an investigation into an alleged foreign intelligence plot targeting CEO Jensen Huang. Rheinmetall slipped 0.1%, remaining under pressure after last week's sharp losses following another profit warning.
Germany's DAX 40 rose 0.3% to 25,920 points on Monday, as markets regained some composure following last week's losses, driven by concerns that a Democratic sweep in the US midterm elections could lead to tighter AI regulation. Sentiment was supported by lower oil prices after US President Donald Trump downplayed the prospect of further strikes on Iran, while investors assessed a fresh wave of corporate developments. Among individual stocks, SAP gained nearly 2% following an upgrade to Overweight by JPMorgan, while Commerzbank advanced more than 3% after UniCredit raised its profit target ahead of its planned takeover of the German lender.
On the downside, Hochtief plunged 6% after ACS denied takeover reports, while Nvidia fell 6% in Frankfurt amid reports of an investigation into an alleged foreign intelligence plot targeting CEO Jensen Huang. Rheinmetall slipped 0.1%, remaining under pressure after last week's sharp losses following another profit warning.