Stock market: DAX exceeds 27,000 points for the first time

Strong balance sheets of important DAX stocks are driving the index to new heights at the start of trading. Within just one week, the DAX gained more than 1,300 points.

Dusseldorf. The leading German index started trading on Thursday with a new record level. The new all-time high is 27,001.67 points, more than 300 points above the previous high from last week. There was already an increase of 1.2 percent on Wednesday, and today there is another 1.2 percent.

This means that the Dax has more than overcome the several-day period of weakness caused by the global sales of tech stocks and has gained more than five percent and thus over 1,300 points within a week. On the one hand, this is because German technology stocks were less affected by the sell-off caused by AI concerns.

The balance sheets of the DAX companies, which have so far delivered predominantly positive surprises for the third quarter, are also driving up prices. On Thursday these include:

Siemens: The industrial group reports a record operating profit and the other key figures are also slightly above analysts' expectations. The share rose by a good four percent.

Munich Re: The world's largest reinsurer had to pay less than expected for major losses in the third quarter. The papers gain 1.8 percent.

Merck: Good business has allowed the pharmaceutical company to raise its forecast for the third time this year. The shares gain 2.6 percent.

After record results in the first nine months, Allianz is becoming more optimistic for 2026. The share price is up 2.1 percent.

Thomas Altmann, analyst at QC Partners, also sees the DAX strength as a confirmation of the long-term seasonal trend in the index: If you evaluate all past DAX years, then “November is on average the best of all months,” he says.