DAX Rises to Hit Record Highs
Frankfurt's DAX 40 rose more than 1% to around 26,640 on Wednesday, hitting an all-time high and extending its winning streak into three sessions. Global market sentiment gained fresh momentum, underpinned by renewed enthusiasm for technology stocks. CoreWeave’s upbeat business outlook helped counter fears of an AI bubble, while the prospect of Anthropic PBC going public added another layer of excitement. Siemens Energy led gains among stocks, climbing more than 6% after reporting record quarterly revenue, raising its full-year guidance and announcing plans to expand its share buyback programme.
Frankfurt's DAX 40 rose more than 1% to around 26,640 on Wednesday, hitting an all-time high and extending its winning streak into three sessions. Global market sentiment gained fresh momentum, underpinned by renewed enthusiasm for technology stocks. CoreWeave’s upbeat business outlook helped counter fears of an AI bubble, while the prospect of Anthropic PBC going public added another layer of excitement. Siemens Energy led gains among stocks, climbing more than 6% after reporting record quarterly revenue, raising its full-year guidance and announcing plans to expand its share buyback programme.