Market report: DAX investors in a buying mood

The Democrats' victory in the US congressional elections is having a positive impact on the stock markets. Tailwind also came from positive company figures. The DAX rose, leaving the 26,000 point mark far behind and almost reaching its record level from the end of August. The leading index ended the trading day up 2.2 percent at around 26,438 points.

In addition to the results of the congressional elections in the USA, investors' focus today was on the progress of the company's reporting season. Several DAX members opened their books.

The shares of Heidelberg Materials were at the top of the DAX today. The building materials group increased sales and profits in the third quarter. Demand has continued to recover, particularly in Europe, it said. The company is sticking to its annual goals.

Continental shares also rose: the tire manufacturer raised its profit forecast. The company, now a pure tire manufacturer after completing the corporate restructuring, raised its profit forecast and returned to the black. This was well received on the stock market.

There was less good news for BMW employees today. The car manufacturer is tightening its austerity program and wants to cut jobs more quickly. At the same time, the switch to a new, more profitable generation of electric cars should be accelerated. The planned burdens caused BMW to lower its forecast again - for the second time this year.

After the Democrats' clear election success, stock marketers are preparing for stricter requirements for the AI ​​sector. This could slow down investment and weigh on the growth prospects of the US economy. Tech stocks therefore came under pressure today.

Nevertheless, the results of the midterm elections were reflected in price gains for the Dow Jones Industrial, the broader S&P 500 and the Nasdaq tech exchange by the DAX trading deadline. The dollar temporarily fell to its lowest level in more than a month.

Some market observers expect that the political situation in the USA could now become more predictable. At the same time, customs policy remains a risk. President Donald Trump can impose tariffs by decree and block legislation by veto. This could only be overruled in Congress with a two-thirds majority. The German Economic Institute therefore advises companies to adapt to the current economic and trade policy course until at least January 2029.

In the USA there is now a threat of what Wall Street calls "gridlock" - political standstill. Because on one side there is the Republican US President Donald Trump and on the other there will be a Congress dominated by Democrats in the future. It is a bitter defeat for Trump personally, because he had turned the general election into a vote on his policies.

The election outcome is also causing uncertainty on the oil market. Traders are wondering what course the US government will take in the war with Iran: further military strikes or de-escalation? President Donald Trump is sending contradictory signals. The prices for North Sea Brent and WTI oil rose slightly.