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Germany's DAX hits new record high
Germany's DAX closed at an all-time high on Wednesday, January 22, for the second time this week as European stocks rose broadly.
The pan-European Stoxx 600 index rose 2.06 points, or 0.39%, to 528.04 at the close, with household goods, industrials, technology and insurance sectors leading the market in Europe with gains of more than 1%.
Germany's DAX index closed the session up 212.27 points, or 1.01%, to 21,254.27, a new record high, according to LSEG data.
The UK's FTSE 100 index fell 3.16 points, or 0.04%, to close at 8,545.13.
France’s CAC 40 index rose 66.45 points, or 0.86%, to close at 7,837.40.
The sportswear maker said revenue approached 6 billion euros ($6.25 billion) in the final three months of 2024, removing currency volatility.
Analysts from JPMorgan, BNP Paribas, Exane and Oddo raised their price targets on the shares after the release. The company is due to report full-year results in March.
Shares of energy company Siemens rose about 7% after its chief executive said the company was “well-positioned” to benefit from President Donald Trump’s energy policy strategy. The stock has surged more than 300% in the past year.
