DAX Eyes Recovery
2026-03-20 08:58
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 advanced more than 1% toward 23,100 on Friday, attempting to recover from a sharp drop the prior day, as oil prices eased on easing supply risks and hopes of de-escalation in the Middle East conflict.
However, markets remain sensitive to geopolitical news, which could heighten volatility alongside “quadruple expiration” day of stock index derivatives.
Meanwhile, traders continued to weigh the cautious tone struck by major central banks, particularly the ECB and the Federal Reserve.
Technology stocks and banks led sectoral gains.
Among equities, Infineon stood out, rising 5.4%, after JPMorgan upgraded the stock, citing stronger demand linked to AI-driven power technologies .Heidelberg Materials (4.9%), Bayer (3.4%) and Commerzbank (3.3%) were also among the top gainers.
On the flip side, Deutsche Borse (-1.3%), Scout24 (-0.9%) and GEA Group (-0.9%) saw the biggest losses.
For the week, the index was set to decline about 1.5%.