DAX L&S indication slips 0.14% at midday after record high
Published on 11/05/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDAX pauses after record morning
- The DAX L&S indication stood at 26,631 points at 13:03 Berlin time on November 5, down 0.14 percent from its previous close.
- The index had reached a record 26,644.33 points earlier in the session after the US midterm election result boosted investor confidence.
- Positive corporate results and lower oil prices supported sentiment, while Rheinmetall's forecast cut weighed on the defence stock.
The DAX gave back a small part of its early advance by midday on Thursday. The DAX L&S indication stood at 26,631 points at 13:03 Berlin time on November 5, down 37 points, or 0.14 percent, from the previous close of 26,668 points. This is an L&S indication rather than the official Xetra index level.
Record high after US election result
The index had earlier reached 26,644.33 points, exceeding its previous record of 26,618.74 points set in August. DPA, reported by Yahoo Finance, attributed the morning momentum to the Democrats' clear victory in both chambers of the US Congress. The result raised hopes of greater predictability in US politics and a potentially less confrontational foreign-policy course.
The immediate comparison with the previous close shows that the index had eased below the morning peak by 13:03 Berlin time. The available indication does not establish why that intraday move occurred, so the retreat should not be presented as a direct reaction to a single news item.
Corporate news divides the market
Positive company results and falling oil prices were additional supports for German equities, according to DPA. At the same time, Rheinmetall faced heavy selling after cutting its forecast again on Wednesday evening. The company was the weakest DAX constituent in morning trading, with its shares down almost 17 percent, the report said. Deutsche Telekom, DHL Group, Siemens Healthineers and Commerzbank also reported quarterly figures on Thursday, while Hochtief was scheduled to publish later in the day.
Broader market conditions were mixed. The Associated Press, published by CP24, reported that European markets advanced in early trading while Asian technology shares fell sharply. That divergence highlights the competing forces facing the DAX: relief over the US political outcome and lower oil prices on one side, and concerns about artificial-intelligence valuations and sector-specific earnings risks on the other.
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