DAX Cautiously Higher
2026-04-10 08:00
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 rose 0.4% to around 23,900 on Friday, following yesterday's decline, supported by cautious optimism ahead of weekend US-Iran talks, despite signs of ceasefire fragility.
Drone attacks were again reported in Kuwait, Israel continued strikes in Lebanon while agreeing to talks, and the Strait of Hormuz remained largely closed.
Meanwhile, investors eyed economic data, with inflation figures in focus.
Germany’s inflation rate was confirmed at 2.7% in March, its highest level since January 2024, driven largely by a sharp rise in energy prices.
Techs were among the top performers following better-than-expected revenue from chip giant TSMC.
Siemens and Infineon gained more than 2% each.
Adidas rose 0.9% after Citigroup reiterated its buy recommendation for the sporting goods company's stock.
On the downside, Rheinmetall slipped 6.1%, while RWE and E.ON saw losses of over 1%.
The index was poised for a weekly gain of over 3%.