FX.co ★ DAX Rises to Over 1-Month High

On Wednesday afternoon, Germany's DAX climbed to approximately 24,400, reaching its highest point since October 9. This marked the third consecutive session of gains. Market sentiment remained upbeat, driven by expectations of a potential reopening of the US government, the prospect of interest rate cuts by the Federal Reserve, and robust corporate earnings reports. Infineon saw an 8% surge following its announcement of a return to profitability in the third quarter and a significant upward revision of its 2026 sales forecast for the AI power supply sector. RWE's shares rose by 6.9% after reporting profits that exceeded expectations for the first nine months. Similarly, Bayer's stocks increased by 5.4% on the back of better-than-anticipated results. Brenntag also experienced a boost, rising 4.2% following the release of strong quarterly results. Conversely, E.ON's shares dropped nearly 5% due to a sharp decline in its nine-month profit, despite the company reaffirming its 2025 outlook.