The Dax continued its strong performance on Thursday, moving steadily in positive territory leading up to midday and reaching a new all-time high. Around 12:30 p.m., the benchmark index was calculated at approximately 26,655 points, marking a rise of 0.8 percent compared to the previous day’s closing level. This made the new peak surpass the previous record high of 26,618 points.
Mark observers suggest that the results of the US congressional elections are a key factor driving this record-seeking rally. Following the Republicans’ electoral defeat, investors appear optimistic that the Democrats, holding the majority in both chambers, will be able to influence the policies of US President Donald Trump.
Midday leaderboards featured Zalando, Heidelberg Materials, and Deutsche Bank among the top performers, while at the close, stocks such as Rheinmetall, Deutsche Telekom, and Siemens Healthineers were noted. However, Rheinmetall experienced a sharp downturn, with its stock plummeting by about 17 percent during the trading session. This military conglomerate had previously revised its 2026 forecast downward.
