DAX extends move above 26,000
Investor appetite for equities remains intact, with the DAX extending its advance above the 26,000-point mark.
Asian markets once again focused on technology stocks, particularly companies exposed to the semiconductor and artificial intelligence sectors. Investors selectively added to positions, taking advantage of Monday's weakness to rebuild exposure to high-quality AI names.
Palantir results revive AI optimism
After the close of US trading, AI software leader Palantir delivered quarterly results that comfortably exceeded market expectations, easing concerns over lofty valuations in the sector.
The strong earnings release injected fresh optimism into AI-related stocks and provided another boost to technology sentiment heading into the European session.
European earnings calendar remains busy
European investors, meanwhile, were presented with a busy earnings calendar, including results from Continental, Zalando, Fresenius Medical Care and Evonik, while Bayer is scheduled to report later in the day.
On the macroeconomic front, attention will turn to US factory orders, the trade balance and the latest JOLTS job openings report, all of which could influence expectations for the Federal Reserve's next policy move.
Selective buying limits signs of euphoria
Market sentiment remains constructive, with investors continuing to position selectively across sectors rather than chasing the broader market.
