German DAX reaches record of 26,000 points despite weak economy
The short version
The German leading index DAX crossed the 26,000-point mark for the first time on 3 August 2026. The record high was reached, although the German economy is barely growing and many DAX companies are reporting declining sales.
On August 3, 2026, the DAX crossed the threshold of 26,000 points for the first time.4 This value represents a new all-time high for the leading German index.3,1 The increase came despite the fact that Germany's gross domestic product barely increased in the previous year.4
At the same time, numerous DAX constituents reported declining sales.4 The car manufacturers in particular announced job cuts.2 The mechanical engineering sector also showed a negative outlook.2
Market participants saw a possible easing of the conflict in the news on the US‑Iran negotiations.3 The expectation of aconflictde-escalation contributed to the positive mood.1 In addition, oil prices fell in the days before trading, which supported stock prices.1
Ulrich Stephan, investment specialist at Deutsche Bank, commented on the paradox between a weak economy and a strong index.2
Why it matters
The DAX is the leading index of the German stock exchange and tracks the performance of the 40 largest listed companies.4
Tensions between the US and Iran have affected global financial markets in recent months, with a possible easing of investor sentiment viewed positively.3,1
In the weeks leading up to August 3, oil prices fell, lowering costs for companies and boosting sentiment on European exchanges.1
This account was written from the 4 reports listed below, filed by 3 independent outlets, and checked against them line by line. It is not a copy of any one of them. Spotted an error? Tell us.
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