Bullish
DAX 40 hits record high of 26,619 points after Fed Chair Warsh's Jackson Hole speech.
The DAX 40 reached a new record high of 26,619 points, closing at 26,569.99, following U.S. Federal Reserve Chair Kevin Warsh's hawkish remarks at the Jackson Hole Economic Symposium. Warsh's commitment to combating high inflation and openness to potential interest rate hikes bolstered investor confidence, leading to gains across various sectors, particularly in the automotive industry.
Key points
- DAX 40 closed at a record high of 26,569.99 points, up 0.77%, following Fed Chair Warsh's Jackson Hole speech.
- Automotive stocks led gains, with BMW up 4.50%, Volkswagen up 3.23%, and Mercedes-Benz Group up 2.96%.
- The broader market showed mixed performance, with 25 of 78 listed companies rising and 53 falling.
- Deutsche Börse's stock reached a 12-month high, reflecting strong demand for exchange and market-infrastructure exposure.
Sources
- DAX Hits Record 26,619 Points as Fed Chair Warsh's Jackson Hole Speech Ignites FrankfurtMarket News · August 29, 2026
- Germany’s DAX hits record close after sector-led gainsFinance Review Daily · August 28, 2026
- DAX nudges higher while CAC 40 slips, SAP leads German gainersEuroTelegraph · August 27, 2026
- Deutsche Börse stock holds at new 12-month high after recent rallyAD HOC NEWS · August 29, 2026
AI-generated from public news sources. Not financial advice.
