FX.co ★ DAX Snaps 5-Day Decline

On Thursday, Germany's DAX index experienced a resurgence, climbing over 1% to surpass the 23,400 mark, effectively reversing a five-session losing streak. This upward movement was consistent with gains observed across European markets. A significant boost in market confidence came from Nvidia's impressive earnings results and optimistic projections, fueled by the rapid advancements in artificial intelligence, which alleviated concerns over a potential tech-stock bubble. Additionally, market participants are keenly anticipating the upcoming release of September's US labor market data, delayed due to an extended shutdown. This information is poised to impact the Federal Reserve's impending decision on interest rates for the year. Within the tech sector, Infineon Technologies stood out, appreciating by nearly 3%, marking it as one of the day's top performers.