DAX indication at 26,526 as AI optimism offsets rate worries
Published on 11/11/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDAX trades near record territory
- The DAX was indicated at 26,526 points at 13:11 Berlin time on Wednesday.
- AI optimism, Siemens Energy's outlook and CoreWeave's profitability forecast supported sentiment.
- Higher-than-expected US inflation and renewed rate concerns limited the broader advance.
The DAX remained close to its recent record territory around midday on Wednesday. An L&S indication showed the index at 26,526 points at 13:11 Berlin time. The quote is an intraday indication and not the official Xetra closing level. The DAX had closed at 26,347.45 points on Tuesday, according to DPA.
AI optimism supports European equities
Investor focus shifted back toward artificial-intelligence and technology-related demand after recent concerns about excessive valuations and financing costs. Reuters reported that Siemens Energy gained 8.3% after raising its expectations for 2027 profit margins and announcing plans to more than triple its dividend. The report also said that US cloud company CoreWeave expected to become profitable on an adjusted basis in the first half of 2028.
Siemens Energy leads DAX momentum
Company news was a central support for the German benchmark. According to onvista, Siemens Energy was the strongest DAX constituent around midday, rising 9.0%. The energy-technology group also expanded its planned share buyback programme by up to 9 billion euros through fiscal 2029/30. Infineon and Siemens were among the other technology-linked gainers, while Brenntag fell after a mixed quarterly report.
Inflation keeps rates in focus
The market advance continued to face a monetary-policy counterweight. US consumer-price data released on Tuesday came in higher than expected for October, strengthening expectations of another Federal Reserve rate increase and weighing on risk appetite. Reuters also noted that a rebound in Brent crude following shipping attacks in the Strait of Hormuz added to inflation concerns in energy-importing Europe. For investors, the session therefore reflects a balance between renewed confidence in AI-related growth and the valuation pressure that can result from higher-for-longer interest rates.
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