DAX Edges Higher in Midday Trading on Industrial, Tech Gains

FRANKFURT (Reuters) — The German benchmark DAX index traded modestly higher around noon on Friday, May 29, 2026, with industrial and technology shares leading the advance. The blue-chip index rose 0.3% to 18,250 points, extending a cautious rally as investors digested mixed economic signals from the euro zone. Siemens AG added 1.2% and SAP SE climbed 0.9%, offsetting declines in defensive sectors like utilities. “A lack of negative catalysts has allowed for a slow grind upward, but volumes remain thin ahead of next week’s European Central Bank meeting,” said Markus Huber, a trader at City Index. Market participants are positioning for potential monetary policy updates, leaving the DAX range-bound in recent sessions.