The DAX Index Opens 0.22% Higher

Frankfurt's DAX 40 edged up to around 24,100 on Thursday, hovering near one-week highs, amid optimism regarding the evolution of the conflict in the Middle East. Recent reports indicated the US and Iran may extend their ceasefire by two weeks to allow more time to negotiate a peace agreement, the terms of which would include the reopening of the Strait of Hormuz and measures regarding Iranian nuclear enrichment. Meanwhile, the US naval blockade continues to restrict traffic in the key oil transit route. Attention was also on the earnings season. Technology was the best-performing sector, buoyed by gains in European semiconductor stocks. SAP and Infineon advanced 1.6% and 1.4%, respectively. Other top gainers included Zalando, Adidas, Airbus and Brenntag, adding between 0.9%-1.6%. On the downside, Deutsche Telekom (-1.8%), Qiagen NV (-1.5%) and Daimler Truck (-1.4%) posted the biggest losses.

The DAX Index is gaining 54 points or 0.22 percent on Thursday. Leading the gains are SAP (1.46%), Infineon (1.44%) and Zalando (1.42%). Top losers are Deutsche Telekom (-1.86%), Qiagen NV (-1.60%) and Daimler Truck Holding AG (-1.32%).

Frankfurt's DAX 40 closed marginally higher at 24,067 on Tuesday, following the significant recovery the previous day. Investors stayed cautious amid uncertainty over renewed US–Iran talks and a potential ceasefire extension, while turning attention to earnings season on both sides of the Atlantic. Meanwhile, the US naval blockade of Iranian ports remains in place. In equities, top gainers included Brenntag, Rheinmetall and SAP, adding more than 2% each. On the flip side, the biggest laggards were Fresenius Medical Care (-2.4%), Fresenius SE & Co (-1.8%), BASF (-1.6%) and Continental (-1.5%).