The Frankfurt DAX 40 index continued its upward trend, reaching a new all-time high, driven by positive news from individual companies and encouraging economic data from China. However, not all stocks contributed positively, with some experiencing declines due to analyst downgrades.
- DAX 40 rose 0.4% to an all-time high of 25,510 points.
- Bayer shares surged 3.3% due to optimistic future performance targets.
- RWE gained 3.2% after securing electricity price contracts in the UK.
- DHL Group slipped 0.7% following Goldman Sachs’ withdrawal of its buy recommendation.
- Lufthansa shares fell more than 2% after a downgrade to “Underweight” by Barclays.
The overall sentiment for the asset is bullish due to positive momentum from particular sectors and international trade data. However, some counter forces are present, meaning that while the index is seeing positive moments, individual companies may still be underperforming and impacting the overall performance.