DAX approaches record high as tech stocks rebound and German inflation rises FAST-MOVING
The German DAX index rose between 0.5 % and 1.1 % on Thursday, reaching levels around 25,775‑25,900 points and closing near the record high of 25,900 set in early July. The rise was driven by a strong recovery in technology shares in the United States and Asia and by falling oil prices, despite ongoing tensions in the Middle East. German consumer‑price inflation for July was reported at 2.8 % year‑on‑year, while core inflation slipped to 2.4 % from 2.5 %, easing concerns over price pressures. Among the index’s top performers were Infineon, Siemens Energy and Symrise, which posted double‑digit gains, whereas Adidas fell more than 18 % after a weak earnings report. Analysts said the DAX could continue to test the 25,900 record, with weekly gains of 2‑3 % and similar monthly momentum expected.
Entities: Adidas · Andreas Lipkow · Dax · Deutscher Aktienindex (DAX) · Federal Reserve Board · German DAX · German DAX · German Federal Statistical Office · Infineon · Infineon AG · Meta Platforms, Inc. · Microsoft Corporation
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Adidas shares fell more than 18 % after a weak Q2 earnings report. (multiple)
- [● 2 SOURCES] German GDP grew 0.4 % in Q2, exceeding the 0.1 % forecast. (reported)
- [● 4 SOURCES] Symrise shares rose about 4.8 % and were the top DAX performer. (multiple)
- [DISPUTED] The DAX closed at 25,612 points, up 0.6 % from the previous close. (reported)
- [○ 1 SOURCE] EUREX DAX futures fell 8 points to 25,528 in early trade. (article)
- [● 3 SOURCES] The US Federal Reserve kept its policy rate unchanged. (reported)
- [● 4 SOURCES] Core inflation (excluding food and energy) fell from 2.5 % to 2.4 %. (supported)
- [● 4 SOURCES] German CPI inflation for July was 2.8 %, within expectations. (supported)
- [● 2 SOURCES] Technology stocks in the United States and Asia posted strong rebounds, supporting the German market. (supported)
- [DISPUTED] The DAX rose between 0.5 % and 0.6 % to around 25 600‑25 700 points, approaching its record high of 25 900 points. (supported)
- [● 2 SOURCES] Falling oil prices contributed to the DAX’s gains. (supported)
- [● 2 SOURCES] Infineon, Siemens Energy and Symrise were the three highest‑priced stocks in the DAX. (supported)