DAX Surges 2.24% to 24,949 One-Month High on Cyclical Rally
Germany's DAX rocketed 2.24% to a one-month high of 24,949.25 on May 6, led by transportation & logistics, consumer cyclicals, and industrials like MTU Aero Engines (+10.14%) and Continental (+8.95%). This capped a volatile rebound from May 4's intraday +0.28% to 24,360 amid positive PMI revisions (Germany manufacturing 51.4, eurozone 52.2), but a 1.06% close lower on Deutsche Post's 7.28% plunge. May 5's +1.67% to 24,392 was tech-driven (Infineon +6.5% to 5-year high, Hochtief +15.7% ATH), with volatility easing on the final day (VDAX -5.1%).