The DAX index in Frankfurt saw a rise of 0.8% on Thursday after experiencing declines over the previous two sessions. This rebound was fueled by traders digesting optimistic corporate earnings while anticipating upcoming decisions from central banks, with particular attention on the Bank of England. Adding to the improved market sentiment were reports of a potential trade deal between the United States and United Kingdom, which President Trump was expected to sign later in the day.
In the corporate arena, Siemens Energy emerged as the top performer on the index, climbing 3.6% to reach a new record high. This surge came on the heels of an upgraded forecast, bolstered by a stronger-than-anticipated net profit in the second quarter. Heidelberg Materials also made notable gains with a 2.4% rise, attributed to robust first-quarter results and the affirmation of its full-year guidance. Meanwhile, the German sportswear company Puma reported stable first-quarter sales alongside a decrease in profit margins but maintained its outlook for 2025, specifically excluding potential impacts from U.S. tariffs.
