Overview
- The DAX briefly exceeded 27,000 points on Thursday, driven by multi-day gains in large caps and a broadly improved mood among investors.
- Siemens reported a record operating year with operating profit up 13% to €13 billion and order intake rising 25% to €108 billion, which pushed its stock to a fresh high.
- Falling oil and gas prices helped lift equities by reducing cost and geopolitical risk concerns, a move linked in reports to hopes for an Iran settlement and higher OPEC+ output.
- US tech stocks and upbeat guidance from cloud provider CoreWeave supported the AI-led rally, but Nvidia shares plunged roughly 8–9% in after-hours trade after media reports of another personal-affair allegation and a board meeting to review CEO Jensen Huang’s future.
- Market watchers warn the coming board decision at Nvidia could trigger renewed volatility because the company’s size and Huang’s central role mean governance news can move global tech and Europe-exposed stocks.