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The Dax DE0008469008 could make another attempt at its record high on Thursday at the peak of the reporting season.

The Dax DE0008469008 could make another attempt at its record high on Thursday at the peak of the reporting season.

Frankfurt Stock Outlook: Dax rises - tariff hopes and many quarterly figures

One hour before the launch on Xetra, the X-Dax DE000A0C4CA0 signaled a gain of 0.6 percent for the German leading index to 23,246 points – the record high being 23,476 points. The Eurozone leading index, the EuroStoxx 50 EU0009658145, was expected to rise 0.7 percent.

The guidance from New York is slightly positive. As expected, the Federal Reserve did not change its key interest rate. According to Commerzbank, the central bank also does not give the impression that they are in a hurry to cut interest rates. The experts at the Frankfurt-based bank noted positively that the administration of US President Donald Trump intends not to allow the restrictions on the export of AI technology, which were imposed under his predecessor Joe Biden in mid-May, to take effect.

US President Donald Trump also called a press conference for Thursday, announcing a "significant" trade agreement with a "large and highly respected country." According to a report in the US newspaper "New York Times," citing three sources familiar with the plans, the agreement is expected to involve Great Britain. It would be the first agreement with a major US trading partner since Trump's far-reaching imposition of punitive tariffs.

During the reporting season, six DAX companies alone will be focusing on their quarterly results on Thursday: Heidelberg Materials DE0006047004, Siemens Energy DE000ENER6Y0, Henkel DE0006048432, Infineon DE0006231004, Rheinmetall DE0007030009, and Qiagen NL0015002CX3. Investors will also be digesting a wealth of figures from companies in the MDax DE0008467416 and SDax DE0009653386.

The building materials group Heidelberg Materials performed significantly better than expected, traders said. Shares rose 2.5 percent premarket on Tradegate compared to the Xetra close.

After an unexpectedly strong start to the year, laboratory services provider and diagnostics specialist Qiagen (NL0012169213) expects further growth in the second quarter and announced new share buybacks. The shares rose by 2.2 percent.

A weak dollar and US tariff policy are taking their toll on Infineon. The chip manufacturer lowered its forecast. Infineon shares reacted with a 2.7 percent drop. In contrast, the tariffs only had a limited impact on the energy technology group Siemens Energy. The share price of the Energy share rose by 2.3 percent.

Defense company Rheinmetall confirmed its preliminary figures and outlook. Shares rose by 0.8 percent. Consumer goods group Henkel also maintained its forecast. Henkel's preferred shares gained 1.2 percent.

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