The DAX Index Closes 0.56% Higher

The DAX Index gained 132 points or 0.56 percent on Monday to close at 23579 points. Gains were led by Commerzbank (8.72%), Bayer (3.97%) and HeidelbergCement (2.67%). Biggest losers were Beiersdorf (-2.91%), BMW (-2.71%) and Mercedes-Benz AG (-1.80%).

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.

The DAX Index is gaining 28 points or 0.12 percent on Monday. Leading the gains are Commerzbank (4.22%), Bayer (2.57%) and Rheinmetall (1.97%). Top losers are Qiagen NV (-1.64%), Beiersdorf (-1.38%) and Siemens Healthineers (-1.29%).