Dax aktuell: Dax gewinnt deutlich hinzu – und überschreitet 26.000-Punkte-Marke

This Thursday, the Dax index gained significantly and surpassed the 26,000-point mark, driven by predominantly positive quarterly results and the European Central Bank's (ECB) interest rate decision. The Dax enjoyed an overall rise of approximately 1.3 percent, reaching 26,031 points. Furthermore, strong quarterly figures from major Dax companies had previously given the index a boost.

After a weak start to trading, the index closed slightly in the plus at 25,704 points. Alongside Volkswagen, several other large and mid-sized companies announced their results on Thursday. Volkswagen reported a billion-dollar loss for the third quarter, with its share initially losing a small amount before rising by around two percent.

The decline was attributed to special effects, particularly a write-off of the company value of Porsche, its SUV and off-road vehicle subsidiary. Renault's stock rose by 6.5 percent after delivering robust numbers. Adidas aimed to return to growth in the Christmas season, and its share increased by 2.3 percent. Henkel, a consumer goods and adhesive manufacturer, looked optimistically ahead to the year's end due to a surprisingly strong third quarter, with its share rising up to 2.6 percent.

MTU, an engine manufacturer, revised its forecast upwards following a surprisingly good quarter, but its share fell by up to 3.1 percent. ING, a Dutch financial institution, missed analysts' expectations and shed 400 jobs as part of a corporate restructuring, causing its share to drop by up to four percent. The Spanish BBVA also suffered losses on the stock exchange after weak results, with its share falling by up to five.4 percent.

Thomas Altmann from QC Partners explained that "The stock markets are processing the post-market results from Alphabet and Microsoft from yesterday." On Wednesday evening, the tech giants had presented their figures. Alphabet missed both revenue and profit expectations from Wall Street in the third quarter, and investor doubts grew about whether the record spending on artificial intelligence (AI) would ultimately pay off.

The Alphabet share dropped temporarily by nearly eleven percent after hours. Microsoft's net profit rose from $27.7 billion in the same period last year to $36.6 billion in the past quarter, and its share increased after hours.