Frankfurt’s DAX 40 rose 0.6% to 25,520 on Tuesday, its highest level since July 6, as investors reacted positively to a mix of robust corporate earnings, easing oil prices, and renewed hopes that the US and Iran could restart talks to defuse tensions in the Middle East. Mercedes-Benz jumped more than 5%, topping the index, after the automaker reaffirmed its passenger car margin target even as it lowered its revenue outlook following a soft quarter. By contrast, TeamViewer slipped more than 2% after posting another revenue decline, though it left its full-year guidance unchanged.
AI-linked names continued to face selling pressure on mounting worries that the sector’s rally has become overextended, compounded by intensifying competition from China and growing capital needs. Infineon and Siemens Energy each edged down about 1%, while Hochtief lost 3%, weighed down by its US subsidiary Turner’s exposure to waning momentum in large data center projects.
