The DAX Index Closes 1.53% Lower

Frankfurt's DAX 40 returned to negative territory to close about 1.6% lower at 23,816 on Thursday, as volatility in global markets continued amid the uncertain situation in the Middle East. Energy prices have risen again as strikes in the region showed no sign of de-escalation, raising concerns over the economic impact of a prolonged war. Earlier in the session, sentiment improved following reports that Iran indicated in early talks with the United States that it might give up its stockpile of highly enriched uranium in exchange for concessions. Shares of Merck (-8.1%) and DHL parent Deutsche Post (-4.6%) remained under pressure following their earnings reports and disappointing 2026 outlook. Rheinmetall, Siemens Energy, Infineon Technologies, Fresenius SE & Co and Siemens were also among the top losers, shedding between 3% and 5%. Banks including Deutsche Bank and Commerzbank saw losses of over 2% each.

The DAX Index fell -370 points or 1.53 percent on Thursday to close at 23835 points. Leading the losses are Merck (-7.11%), Siemens Energy (-6.16%) and Rheinmetall (-5.86%).

Frankfurt's DAX 40 moved slightly into positive territory on Thursday after a weak start, rising 0.3% to near 24,280, aligning with its European peers. Investors kept a close eye on any developments in the Middle East conflict while assessing potential signs of renewed talks. Iran reportedly told the US in previous negotiations that it was prepared to give up its highly enriched uranium stockpile in return for “something good”. Airbus, Symrise and MTU Aero Engines were among the top performers, with gains around 2% each. Tech companies and utilities also advanced firmly. Meanwhile, shares of Merck and DHL remained under pressure following their earnings reports and disappointing 2026 outlook.