The DAX Index Opens 0.77% Lower

Frankfurt's DAX 40 finished about 1.1% down at 23,807 on Thursday, reversing a 5.1% gain in the prior day, amid uncertainty surrounding a Middle East truce. Iran has accused Israel of undermining the fragile ceasefire by continuing heavy airstrikes in Lebanon and warned it could walk away from negotiations with the United States. Simultaneously, the Strait of Hormuz remains largely blocked, causing oil prices to resume their upward trend amid concerns over prolonged supply disruptions. SAP was the biggest laggard, slipping nearly 7%, with Airbus and Siemens falling 2.3% and 1.8%, respectively. Automobile stocks also came under pressure, led by Mercedes-Benz, which fell 1.6% after reporting a decline in first-quarter car sales. On the upside, top gainers included Brenntag (2.9%), BASF (2.6%) and Hannover Ruck (2.1%).

The DAX Index fell -274 points or 1.14 percent on Thursday to close at 23807 points. Leading the losses are SAP (-7.19%), Airbus (-2.54%) and Siemens (-2.25%).

Frankfurt's DAX 40 fell over 1% to below 23,800 on Thursday, following strong gains in the prior session, amid growing doubts about the stability of the US-Iran ceasefire. The Strait of Hormuz remains largely blocked, while continued Israeli strikes on Lebanon have heightened tensions, leading Iran to threaten abandoning the recently agreed ceasefire with the United States. President Trump also warned of renewed military escalation if a comprehensive agreement is not reached. Oil prices rebounded after falling sharply the previous day, reflecting mounting concerns about energy supply disruptions. Industrials, technology, and automotive stocks were among the hardest-hit sectors, in contrast to gains seen in chemicals and utilities. The biggest laggards included Rheinmetall, SAP, Mercedes-Benz Group and Siemens Energy, with losses of over 2% each. On the opposite side, BASF (1.8%), Brenntag (1%), E.ON (1%) and RWE (0.8%) advanced the most.