Börse: Dax überschreitet erstmals 27.000-Punkte-Marke

Germany's leading index, the DAX, opened on Thursday with a new all-time high of 27,001.67 points, more than 300 points above the previous peak from last week. The index had already risen by 1.2% on Wednesday, and gained another 1.2% today. This has helped the DAX overcome a prolonged weak phase, fueled by global sales of tech stocks, and posted a gain of over five percent within a week, or more than 1,300 points.

Part of this rise can be attributed to the fact that German tech values were affected less by the selling wave due to concerns about artificial intelligence. Additionally, the balance sheets of the DAX companies have been positive so far, with the third quarter earnings showing mostly better than expected surprises. Companies like Siemens reported a record operating profit and slightly beat analyst expectations, with their shares rising by nearly four percent.

Munich Re, the world's largest reinsurer, had lower-than-expected losses from large damages in the third quarter, leading to a 1.8% gain in its shares. Merck, a pharmaceutical company, provided good results for the third quarter of the year, prompting analysts to raise their forecasts for 2026, with its shares up by 2.6%. The Allianz company also reported a stellar performance in the first nine months of the year, and its shares increased by 2.1%.

Analyst Thomas Altmann of QC Partners views the DAX strength as a confirmation of the long-term seasonal trend in the index, stating that "all past DAX years show that November is typically the best month on average."