Frankfurt’s DAX 40 rose more than 1% to around 26,640 on Wednesday, marking a new all-time high and extending its winning streak to a third consecutive session. Global risk appetite strengthened, driven in particular by renewed enthusiasm for technology stocks. Optimism around CoreWeave’s business outlook helped ease concerns over a potential AI bubble, while speculation that Anthropic PBC could go public added to the upbeat mood. At the same time, oil prices hovered near eleven-week lows, offering additional support to equities.
Siemens Energy led the index, jumping more than 6% after posting record quarterly revenue, raising its full-year guidance, and unveiling plans to expand its share buyback programme. Infineon Technologies advanced 5.7%, while Siemens gained 1.9%. Among other strong performers, Deutsche Bank, Hochtief, GEA Group and Deutsche Post each added more than 1%. On the downside, Brenntag underperformed, falling 4.4% as rising costs and a slight profitability miss overshadowed otherwise broadly positive results.
