DAX gains 168 points at midday as tech stocks recover

Published on 10/16/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The DAX trades at 25,643 points at 1:16 p.m. CEST as technology shares recover and euro-area inflation holds at 3.8 percent.

Technology rebound and inflation

At 1:16 p.m. CEST on October 16, the DAX was 25,643 points, up 168 points or 0.7 percent.
European technology stocks recovered, with the sector up 1 percent.
Rheinmetall led DAX gainers at 3.5 percent.
US industrial production is due at 3:15 p.m. CEST on October 16.

DAX, DE000LUSDAX6, Illustration mit AI erstellt.

The DAX was at 25,643 points at 1:16 p.m. CEST on October 16, up 168 points or 0.7 percent on the L&S indication. Technology stocks recovered as the European technology sector gained 1 percent, Reuters reported.

Rheinmetall led the DAX gainers at 3.5 percent. The Xetra market opened at 25,536 points, according to XTB.

Why is the DAX higher today?

European technology shares recovered after Thursday's selloff. The move came as bond yields eased from recent highs. Final euro-area inflation for September was 3.8 percent year over year, matching economists' expectations but exceeding the European Central Bank's 2 percent target, Reuters said.

Winners and losers in the DAX

Winners and losers at the midday market phase were listed by Manager Magazin:

Rheinmetall up 3.5 percent
Scout24 up 2.2 percent
Infineon down 2.4 percent
MTU Aero Engines down 0.7 percent

What comes next for the DAX

October 16, 2026, 2:30 p.m. CEST: US export and import prices for September, Deutsche Boerse lists.
October 16, 2026, 3:15 p.m. CEST: US industrial production and capacity utilization for September, Deutsche Boerse lists.

More market reports and analysis on the DAX