Germany's DAX climbed to a fresh record high on Thursday, according to Finanzen.net, which reported the benchmark index's advance alongside a broad rally in European equities. The move came as Rheinmetall confirmed its full-year targets, the outlet reported, while defence peers RENK and HENSOLDT benefited from continued strength in the armaments sector.
Finanzen.net also listed HelloFresh, Arm, DHL, Commerzbank and QUALCOMM among the stocks drawing investor attention during the session. The report did not provide index levels or individual share price moves.
Coverage of the rally linked the gains to the outcome of the US midterm elections. WirtschaftsWoche described a market rally following the US vote that carried the DAX to its record, BILD reported that a Democratic victory was driving the exchanges, and Handelsblatt cited three drivers behind the leading index. Tagesschau also reported the DAX jumping to an all-time high.
The defence sector's gains fit a pattern in which Rheinmetall has become one of the index's most closely watched members, with RENK and HENSOLDT moving alongside it. Finanzen.net's summary did not specify how much each defence stock rose or what Rheinmetall said about its guidance beyond confirming its annual targets.
Investors will be watching whether the index holds its record level in the coming sessions and how defence names trade once the initial reaction to the US election result fades.