The DAX in Frankfurt was 0.6% firmer around 25,045 on Wednesday, setting fresh record highs and outperforming its European peers. Investors digested benign inflation data from the Eurozone, which prompted them to push back bets on ECB rate hikes by year-end, while continuing to monitor geopolitical developments, including President Trump’s controversial Greenland comments. Heildelberg Materials, E.ON and MTU Aero Engines led the pack, rising 2.7%, 2% and 2%, respectively. Siemens climbed 1.9% following its announcement of a deal with chipmaker Nvidia, while Bayer rose 1.1% after revealing it had filed lawsuits against Covid-19 vaccine makers Pfizer, BioNTech, and Moderna, alleging they used its mRNA technology in their vaccines. Defense names Hensoldt (1.4%), Rheinmetall (1.3%), and Renk (0.7%) were also in demand.
