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13.10.202607:56:48UTC+00DAX Advances for 3rd Session

Frankfurt’s DAX 40 edged up 0.3% on Tuesday, moving above the 25,300 mark and extending its winning streak to a third consecutive session. Retailers and pharmaceutical stocks led the advance, while easing oil prices and lower bond yields provided additional support.

Investors also assessed a fresh round of economic data and corporate earnings from across Europe. Germany’s annual inflation rate was confirmed at 3.3% in September, the highest reading since December 2023 and up from 2.9% in August.

Zalando was the standout performer, rallying more than 7%. It was followed by Fresenius SE & Co, Siemens Healthineers, Fresenius Medical Care, and Bayer, each gaining over 4%. On the downside, technology stocks came under pressure: Infineon Technologies slumped 4.8% amid renewed concerns about the hefty capital outlays required to build and expand AI infrastructure.

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