Frankfurt’s DAX 40 advanced nearly 1% to around 26,900 on Thursday, marking a new record high and extending its winning streak to a fourth consecutive session. Sentiment was supported by robust corporate earnings and declining oil prices, which helped counter renewed worries about the global technology sector. Nvidia was at the centre of those concerns, following reports that the company’s board is considering removing Jensen Huang as CEO after allegations of a second affair with a company executive.
Among individual stocks, Siemens jumped 4.5%, making it the index’s top performer, after posting stronger-than-expected fourth-quarter results driven by record order intake and raising its medium-term targets. Merck gained about 3% after lifting its full-year guidance for the third time this year on the back of a surprisingly strong third quarter. Allianz added 2% after increasing the upper end of its full-year 2026 operating profit outlook, following a record operating profit over the first nine months.
