FX.co ★ DAX Advances for 5th Day

The DAX index in Frankfurt climbed 0.7% on Thursday, reaching approximately 24,300, marking its highest point since August 25. This rise extends a five-day streak of gains. The surge was largely driven by technology stocks, buoyed by a favorable trend in Asia after OpenAI finalized a deal with South Korean chipmakers, enhancing optimism around artificial intelligence. Automotive shares also saw substantial increases, while healthcare stocks continued their upward trajectory following Pfizer's pricing agreement in the United States. Meanwhile, investors kept a vigilant eye on the developments surrounding the potential US government shutdown. In corporate news, Siemens shares appreciated by over 2% amid reports that the German giant is considering a possible spin-off of a significant portion of its stake in Siemens Healthineers.