Börse: Dax kratzt an 27.000-Punkte-Marke

The German benchmark index, the Dax, launched on Thursday with a new all-time high, standing at 26,998.32 points. This marks a rise of more than 300 points from the previous peak set last week. On Wednesday, the Dax had already gained 1.2 percent, and today, it added another 1.2 percent. This has largely overcome the prolonged weakness phase of the Dax, driven by global sales of tech stocks.

Over the course of a week, the index has risen by more than 5 percent, or 1,300 points. This surge is partly due to German tech stocks not being heavily affected by the tech sector's sell-off over concerns related to artificial intelligence. Furthermore, the financial health of Dax companies, which reported mostly positive surprises in the third quarter, is also contributing to this bullish trend.

Notable contributors to today's increase include Siemens, which reported a record operating profit and outperformed analyst expectations, with its share price up by nearly 4 percent. Munich Re, the world's largest reinsurance company, saw its shares rise by 1.8 percent after paying less than expected for major damages in the third quarter.

Merck, a pharmaceutical company, is already boosting its shares for the third time this year, following strong performances, with a gain of 2.6 percent. The Allianz is also optimistic for 2026 after a record result in the first nine months, reflecting a 2.1 percent gain. Thomas Altmann, an analyst at QC Partners, believes the Dax's strength confirms the long-term seasonal trend in the index, stating that November has historically been the best month across all past Dax years.