DAX Rebounds on Corporate News and Easing Energy Supply Fears
2026-03-16 13:29
By
Joana Ferreira
1 min. read
Germany’s stock market picked up momentum in afternoon trading on Monday, with the DAX 40 rising 0.8% to around 23,630 points as investors digested positive corporate developments and reassessed the risk of a prolonged energy shock to the economy.
Commerzbank surged more than 7% after UniCredit reportedly submitted a bid for a 30% stake in the German lender.
Shares of Bayer also advanced about 4.7% following a buy recommendation from UBS.
Defense group Rheinmetall climbed 2.9%, tracking gains across the sector after US President Donald Trump called for the Strait of Hormuz to remain open.
Over the weekend, several tankers carrying liquefied petroleum gas crossed the key shipping route, suggesting Iran may still allow some energy exports to allied countries, even as Israeli officials warned the conflict could last “several more long weeks.” Investors are also looking ahead to upcoming policy meetings at the ECB and the Fed, both widely expected to keep interest rates unchanged.