Overview
- The DAX moved to new intraday record levels on Thursday after investors cheered clear Democratic wins in both the House and Senate.
- Brent crude fell sharply after the vote, which lowered near‑term inflation worries and helped lift global equity prices.
- Markets showed a sharp sector split with large consumer and Big Tech names rallying while AI‑infrastructure suppliers, chipmakers and defense and oil stocks sold off.
- That early euphoria proved fragile as US stocks reversed the next trading day and the Nasdaq 100 plunged about 5 percent on renewed fears of tighter regulation for AI and data‑centre build‑outs.
- Investors are now watching the US jobs report, corporate earnings and central‑bank signals for clues on whether the rally will hold and noted that company shocks such as Rheinmetall’s repeated guidance cuts can still drive big moves.