FX.co ★ DAX Scales Fresh Highs

The DAX index in Frankfurt increased by 0.5%, surpassing the 25,000 mark on Wednesday and hitting a new milestone, recording its seventh consecutive day of gains. Investors directed their attention towards pivotal upcoming economic data, such as inflation statistics from the Eurozone and the US ADP report, while also observing geopolitical events. In the corporate arena, Siemens emerged as a leader, with its shares climbing by over 2% following the announcement of a collaboration with chipmaker Nvidia. Both companies revealed on Tuesday their plans to enhance their strategic alliance to develop industrial artificial intelligence (AI) solutions, with the objective of expediting AI integration into practical applications. Meanwhile, Bayer experienced a 1.4% increase after disclosing its lawsuits against Covid-19 vaccine manufacturers Pfizer, BioNTech, and Moderna, alleging unauthorized use of its mRNA technology in their vaccines.