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BackMarket report: Price losses after AI crash almost recovered
Market report: Price losses after AI crash almost recovered
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Tagesschau Wirtschaft12 minutes agoBusiness1 min readGermanyView original

Market report: Price losses after AI crash almost recovered

Falling oil prices and strong Infineon figures support the German benchmark index in early trading.

daxstock exchangeinfineon

Quick Look

  • The DAX gained 1.2 percent in early trading and is approaching its record high.
  • The market is supported by falling oil prices, signs of relaxation in the Iran conflict and strong quarterly figures from chip manufacturer Infineon.

AI-generated summary

Why It Matters

After hitting its record high the previous week, the DAX recorded price losses as a result of US elections and geopolitical tensions.

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The leading German index rose by 1.2 percent to 26,579 points in early trading. At the beginning of the week, the DAX had already closed with an increase of 1.7 percent to 26,267 points. It is now approaching its record high from last Thursday at 26,692 points. The leading German index was then hit by the wave of sales following the Democrats' victory in the US midterm elections.

“Investors are hoping to shake off their AI autumn depression,” said Jochen Stanzl, chief market analyst at Consorsbank. The stock markets are supported by the expectation that the US Democrats will not shake up the expansion of AI so much and that there could be a solution to the Iran war. “So a lot of hope, which can also be disappointed,” said Stanzl.

Some analysts are now seeing last week's selloff as an overreaction. However, other experts urged caution. “When it comes to trading AI stocks, the moment of truth is yet to come,” said Ted Parkhill, founder and CEO of asset manager Incline.

The market received support today primarily from falling oil prices. They are a glimmer of hope for investors who are counting on a diplomatic rapprochement in the war between the USA and Iran, commented Salah-Eddine Bouhmidi, Head of Markets at broker IG.

Statements from US President Donald Trump are helping to ease tensions. He does not currently believe military action against Iran is necessary. In his estimation, the conflict with Tehran will end “fairly soon.” According to market observers, this dampened concerns about longer supply disruptions from the Middle East.

Because of the severe setback in technology stocks, Infineon's annual figures were in focus today - they were well received: After a jump in sales and profits, the chip manufacturer expects significantly increasing growth in the 2026/27 financial year.

The company continues to benefit from high demand for power chips for AI data centers. In the last financial year, sales grew by twelve percent. A profit of 1.51 billion euros after taxes means an increase of 49 percent compared to the previous year, as the DAX company announced.

“Infineon closed the 2026 financial year with another record quarter,” says CEO Jochen Hanebeck. We are now starting the new financial year “with continued strong momentum”.

The most important event of the day today is likely to be the release of US consumer price data for October at 2:30 p.m. Robert Greil, chief strategist at private bank Merck Finck, expects inflation to reach four percent.

“A surprisingly high inflation value would increase interest rate fears and further exacerbate doubts about the AI ​​story,” commented Maximilian Wienke, market analyst at broker eToro. The majority of economists currently expect the US Federal Reserve (Fed) to raise interest rates in December.

What to Watch

AI outlook — possibilities, not facts

  • US consumer price data for October will be released at 2:30 p.m.

    Very likely · Within hours

Open Questions

  • What are the actual US consumer price data?
  • Will the price of oil remain permanently lower?

Related Topics

dax
PeopleJochen StanzlTed ParkhillSalah Eddine BouhmidiDonald Trump
OrganizationsConsorsbankInclineIGInfineon
PlacesUSAIranMiddle East
Topicsstock exchangeinfineonoil pricesartificial intelligenceUSAIran
This article was originally published by Tagesschau Wirtschaft.

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