DAX Cut Gains But Remains at Record
Frankfurt's DAX 40 pared its advance to trade around 26,570 on Wednesday, but remained at record levels, extending gains for the third day. Renewed enthusiasm for technology and AI-related stocks offset rising oil prices and concerns about interest rates. Meanwhile, the earnings season remains in focus. Tech stocks such as Infineon Technologies (+5.5%) provided the main boost, on the back of an upbeat outlook from CoreWeave and anticipation ahead of Anthropic's IPO. Siemens Energy surged over 8%, making it the top performer, after reporting record quarterly revenue, raising growth ambitions and expanding its share buyback programme. RWE rose 1.4% after saying its 2026 results are expected at the upper end of its guidance range, following a stronger-than-expected performance in the first nine months of the year.
Frankfurt's DAX 40 pared its advance to trade around 26,570 on Wednesday, but remained at record levels, extending gains for the third day. Renewed enthusiasm for technology and AI-related stocks offset rising oil prices and concerns about interest rates. Meanwhile, the earnings season remains in focus. Tech stocks such as Infineon Technologies (+5.5%) provided the main boost, on the back of an upbeat outlook from CoreWeave and anticipation ahead of Anthropic's IPO.
Siemens Energy surged over 8%, making it the top performer, after reporting record quarterly revenue, raising growth ambitions and expanding its share buyback programme. RWE rose 1.4% after saying its 2026 results are expected at the upper end of its guidance range, following a stronger-than-expected performance in the first nine months of the year.