DAX gains 0.9% after best Ifo reading since 2023 – Bayer and Hochtief lead
The DAX closed on Monday at 25,410.84 points (+0.91%). The Ifo index rose to 90.2 points. The DAX is seen little changed on Tuesday.
Germany's benchmark DAX (its 40 largest listed companies) started the week higher. It closed in Xetra trading at 25,410.84 points, up 0.91%. The MDAX (mid-sized firms) gained 1.38%, the SDAX (smaller firms) 1.25% and the tech index TecDAX 0.80%. The Euro Stoxx 50 (large eurozone companies) added 0.79% (dpa-AFX, finanzen.at/finanzen.net, Dow Jones).
The Ifo business climate index (a gauge of mood in German firms) helped. It rose 0.3 points to 90.2 – its sixth gain in a row and the highest level since spring 2023. Analysts had expected 90.1 on average (finanzen.net). Moody's also brought relief: it left France's credit rating unchanged at Aa3. Shares linked to artificial intelligence recovered after recent losses (dpa-AFX, Dow Jones).
The top DAX gainers were Hochtief (+3.92%) and Siemens Energy (+3.77%). Bayer rose 3.59% after trial data for its prostate cancer drug Nubeqa and Chinese approval for its blood thinner Asundexian. Infineon gained 3.14%. Symrise (−1.81%), Deutsche Telekom (−1.46%) and Beiersdorf (−1.24%) fell. Outside the DAX, Fraport jumped 2.6% after quarterly figures (finanzen.net, Dow Jones).
For Tuesday, broker IG indicated the DAX at 25,414 points about two and a half hours before the open – just 3 points higher (dpa-AFX). Porsche (07:30) and Beiersdorf (08:00) report in the morning. The Fed decides on rates on Wednesday, the ECB on Thursday.
| Index | Close | Day % |
|---|---|---|
| DAX | 25,410.84 | +0.91 % |
| MDAX | 30,287.68 | +1.38 % |
| SDAX | 18,332.77 | +1.25 % |
| TecDAX | 4,056.47 | +0.80 % |
| Euro Stoxx 50 | 6,116.23 | +0.79 % |
| Company | Price (EUR) | Day % | Reason |
|---|---|---|---|
| Hochtief | 371.00 | +3.92 % | – |
| Siemens Energy | 123.16 | +3.77 % | rebound after losses |
| Bayer | 45.56 | +3.59 % | Nubeqa trial data, China approval |
| MTU Aero Engines | 327.00 | +3.25 % | – |
| Infineon | 50.20 | +3.14 % | recovery in AI-linked stocks |
| SAP | 212.25 | −1.00 % | – |
| Scout24 | 83.95 | −1.18 % | – |
| Beiersdorf | 83.08 | −1.24 % | – |
| Deutsche Telekom | 24.98 | −1.46 % | – |
| Symrise | 100.15 | −1.81 % | – |
| Time | Event |
|---|---|
| 07:00 | Ceconomy, Novartis – results |
| 07:30 | Porsche – Q3 results |
| 08:00 | Beiersdorf – nine-month results |
| 10:00 | ECB: M3 money supply (forecast +3.4% y/y) |
| 12:00–12:30 | Coca-Cola, PayPal, Boeing – results |
| 15:00 | US: consumer confidence (forecast 81.0) |
For information only, not investment advice. Prices as of the time stated, not real-time quotes.
Sources
- dpa-AFX via ARIVA: ROUNDUP/Aktien Frankfurt Schluss – Dax steigt, Ifo-Index stimmt optimistisch (26.10.2026, 18:01)
- dpa-AFX via ARIVA: Aktien Frankfurt Schluss – Dax steigt, Ifo-Index nährt Konjunkturhoffnung (26.10.2026, 17:46)
- dpa-AFX via onvista: ROUNDUP/Aktien Frankfurt Schluss (26.10.2026; Euro Stoxx 50)
- finanzen.net: DAX zum Ende des Montagshandels im Plus (26.10.2026, 17:57; Gewinner/Verlierer)
- finanzen.at: TecDAX präsentiert sich schlussendlich fester (26.10.2026, 17:58)
- finanzen.at: SDAX beendet die Montagssitzung in der Gewinnzone (26.10.2026, 17:58)
- Dow Jones via finanzen.ch: XETRA-SCHLUSS – DAX legt zu, Aktien mit KI-Bezug erholen sich (26.10.2026, 17:50)
- dpa-AFX via boerse.de: Überblick KONJUNKTUR vom 26.10.2026, 17:00 Uhr (Ifo 90,2)
- boerse-social.com: Wie Hochtief, Siemens Energy, Bayer, Symrise, Deutsche Telekom und Beiersdorf für Gesprächsstoff im DAX sorgten (27.10.2026)
- dpa-AFX via ARIVA: DAX-FLASH – Nach starkem Wochenstart kaum verändert erwartet (27.10.2026, 06:43)
- Dow Jones via finanzen.at: TAGESVORSCHAU Dienstag, 27. Oktober (27.10.2026, 06:02)
- finanzen.net/dpa-AFX: Ifo-Geschäftsklima hellt sich im Oktober wie erwartet auf (26.10.2026, 10:06; Prognose 90,1)
- finanzen.net: TecDAX liegt letztendlich im Plus (26.10.2026, 17:57; Index-Box 4.056,47, +0,80 %)
- The Alpha Dissection: Tageskommentar 26.10.2026 (DAX 25.410,84 aus der Schlussauktion)
