The DAX crossed 27,000 points for the first time on Thursday morning, reaching an intraday record of 27,001.67 points, Der Spiegel reported. Germany's blue-chip index was up as much as 1.3% at its peak, setting a new intraday market milestone.
Der Spiegel attributed the rise to positively received corporate earnings and recently lower oil prices. Stronger earnings expectations can support shares, while cheaper oil can reduce cost and inflation concerns in financial markets.
Andreas Lipkow of CMC Markets said somewhat lower oil prices could ease the burden on companies, support consumers' purchasing power and reduce fears of a renewed inflation surge. That is his assessment of a possible economic transmission channel, rather than a full reading of economic conditions.
The record matters, but its scope is narrow. The DAX tracks large listed companies and responds to changing expectations for profits, costs and prices. Its move above 27,000 during Thursday morning's trading indicates that investors were pricing those expectations more favourably.
Der Spiegel also reported that the index had gained more than 1,300 points within a week, with Siemens among the strongest early gainers at nearly 5%. The supplied report gives no closing level, detailed earnings breakdown or broader economic data. The DAX record is therefore a significant market event, not evidence on its own of a broad German economic recovery.
Sources
- Der Spiegel · Source date: 2026-11-12
Independent editorial content. WUA is not affiliated with any political party. 2026-11-12