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DAX Snaps 5-Day Decline

Germany’s DAX rose more than 1% to cross 23,400 on Thursday, after five consecutive sessions of losses, in line with other European peers. Nvidia’s better-than-expected earnings and upbeat outlook, powered by the surge in artificial intelligence, have eased fears of a tech-stock bubble and helped reinvigorate market sentiment. Meanwhile, investors are awaiting the release of September’s US labor market data, postponed due to the prolonged shutdown, which could influence the Federal Reserve’s final interest rate decision of the year. The tech sector was among the top performers, with Infineon Technologies gaining nearly 3%. Siemens Energy and Rheinmetall also advanced firmly, rising 4.4% and 3.7%, respectively.

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