FX.co ★ DAX Ends July Near Record High

Frankfurt's DAX 40 edged higher in the final trading session of July, closing at its strongest level since the record set earlier this month and securing a monthly gain of more than 2%. The advance was underpinned by a sharp rebound in technology stocks, broadly positive corporate earnings, and a continued steep drop in oil prices, even as geopolitical tensions in the Middle East persisted. Chipmaker Infineon led the index with an increase of more than 4%, followed by Hochtief with a 2.7% rise. On the downside, Siemens Healthineers slipped 1% after cutting its revenue guidance for fiscal 2025/26, citing ongoing weakness in its diagnostics division. Elsewhere, defense electronics group Hensoldt reported that order intake more than doubled year-on-year, sportswear maker Puma reiterated its full-year outlook despite softer demand, and wafer producer Siltronic delivered strong quarterly results.