DAX Hits New Peak
Frankfurt's DAX 40 rose nearly 1% to around 26,900 on Thursday, setting a fresh record high and extending gains for the fourth straight session. Strong corporate earnings and falling oil prices helped underpin market sentiment, offsetting renewed concerns surrounding the global technology sector. Nvidia came under heavy selling pressure after reports emerged that its board was considering removing CEO and co-founder Jensen Huang following allegations involving his personal relationships, including one that has raised potential national security concerns. Siemens climbed 4.5%, making it the top performer, after the industrial group reported better-than-expected fourth-quarter results, driven by record order intake, and raised its medium-term targets.
Frankfurt's DAX 40 rose nearly 1% to around 26,900 on Thursday, setting a fresh record high and extending gains for the fourth straight session. Strong corporate earnings and falling oil prices helped underpin market sentiment, offsetting renewed concerns surrounding the global technology sector. Nvidia came under heavy selling pressure after reports emerged that its board was considering removing CEO and co-founder Jensen Huang following allegations involving his personal relationships, including one that has raised potential national security concerns.
Siemens climbed 4.5%, making it the top performer, after the industrial group reported better-than-expected fourth-quarter results, driven by record order intake, and raised its medium-term targets.