DAX Nudges Higher
2026-04-16 07:49
By
Luisa Carvalho
1 min. read
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.