empty
 
 

18.02.202608:58:11UTC+00DAX Rises to Over 1-Month Highs

Frankfurt’s DAX 40 rose 0.6% on Wednesday, moving above the 25,100 mark and trading near its highest level since mid-January, with defense stocks providing the main support. Renk advanced 3% and Rheinmetall added 1.7% following reports that Berlin is considering taking a minority stake in KNDS, the Franco-German manufacturer of Leopard tanks, as the group seeks to maintain its influence ahead of a planned €20 billion ($23.7 billion) listing later this year.

Geopolitical developments also remained in focus, with talks between the US and Iran continuing in Geneva. At the same time, global markets appeared to be stabilizing after recent volatility linked to developments in artificial intelligence.

On the downside, Bayer fell 7.5%, placing it at the bottom of the index, after its Monsanto unit proposed paying $7.25 billion to settle lawsuits alleging that its Roundup weed killer causes cancer.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback