22.07.202615:56:28UTC+00DAX 40 Rises to 2-Week High

Frankfurt’s DAX 40 rose 0.7% to nearly 25,200 on Wednesday, its highest level in two weeks, as robust corporate earnings and upbeat guidance offset worries about higher oil prices and the inflationary risks stemming from escalating tensions in the Middle East. Airbus jumped 6.9% after the aircraft manufacturer unveiled ambitious profit targets through 2029, citing sustained demand for commercial jets, and announced a share buyback program earlier than expected. The positive outlook also lifted MTU Aero Engines, which gained more than 1%. Elsewhere, Gea advanced over 5% after the industrial equipment maker raised its full-year guidance on the back of stronger-than-expected quarterly results. Investors also turned their attention to Thursday’s European Central Bank policy meeting, where policymakers are widely expected to keep interest rates unchanged following June’s increase.