{"id":60532,"date":"2025-06-05T10:04:19","date_gmt":"2025-06-05T10:04:19","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/06\/05\/dax-climbs-to-new-record-high\/"},"modified":"2025-06-05T10:04:19","modified_gmt":"2025-06-05T10:04:19","slug":"dax-climbs-to-new-record-high","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/06\/05\/dax-climbs-to-new-record-high\/","title":{"rendered":"DAX Climbs To New Record High"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks are up in positive territory on Thursday, extending gains to a third straight session, thanks to encouraging factory orders data and expectations of a rate cut by the European Central Bank later in the day.<\/p>\n<p>The benchmark DAX, which climbed to 24,400.06, a new record high, was up 100.81 points or 0.43% at 24,363.44 a few minutes ago.<\/p>\n<p>Bayer is rising 5%, lifted by an upward revision in the stock&#8217;s rating by Goldman Sachs.  GS has upgraded Bayer&#8217;s rating from &#8216;neutral&#8217; to &#8216;buy.&#8217; Also, the USFDA has approved expanded use for Bayer&#8217;s prostate cancer drug Nubeqa.<\/p>\n<p>Heidelberg Materials is gaining nearly 3.5%. Daimler Truck Holding, Rheinmetall, Fresenius Medical Care, Brenntag and Siemens Healthineers are advancing 1 to 1.3%.<\/p>\n<p>Beiersdorf, Infineon Technologies, Deutsche Telekom, Deutsche Bank, Fresenius, Deutsche Boerse and Continental are also up in positive territory.<\/p>\n<p>Airbus is down 2%. E.ON, Porsche, MTU Aero Engines, RWE, BMW and Volkswagen are down 0.2 to 0.8%.<\/p>\n<p>Data from S&amp;P Global said the HCOB Germany Construction PMI slipped to 44.4 in May 2025 from 45.1 in April, signaling a slightly faster contraction in the sector. <\/p>\n<p>Data from Destatis showed Germany&#8217;s factory orders increased for the second straight month in April, though at a slower pace. Factory orders rose 0.6% month-on-month in April, following a revised 3.4% rise in March. Meanwhile, orders are forecast to fall 1%.<\/p>\n<p>Excluding large-scale orders, new orders were 0.3% higher than in the previous month, the agency said.<\/p>\n<p>On a yearly basis, factory orders logged an expansion of 4.8%, faster than the 3.7% growth in the prior month. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Climbs To New Record High<\/a><br \/>\n<br \/>2025-06-05 10:04:19<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks are up in positive territory on Thursday, extending gains to a third straight session, thanks to encouraging factory orders data and expectations of a rate cut by the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":60533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-60532","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=60532"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/60532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/60533"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=60532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=60532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=60532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}