DAX Turns Positive

2026-04-30 12:00 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 cut early losses to trade 0.7% higher on Thursday afternoon, attempting to halt a eight-day losing streak, as oil prices retreated somewhat from their multi-year highs.

Meanwhile, investors continued to monitor developments in the Middle East, a range of corporate earnings, economic data and central bank decisions.

On the data front, Germany’s economic performance surprised to the upside in Q1, despite remaining fragile.

Deutsche Post led gains, surging nearly 6%, after reporting solid performance in the first quarter.

MTU Aero Engines rose 2.1%, after delivering first-quarter operating profit that beat expectations.

Brenntag gained 3.5% after UBS raised its price target from 42 to 60 euros and scrapped its 'sell' recommendation in favor of a 'neutral' rating.

Meanwhile, Volkswagen and Porche AG trimmed early losses and moved higher, up 1.5% and 0.9%, despite weaker-than-expected results.

BASF also rebounded slightly despite weaker Q1 profits.



News Stream
DAX Turns Positive
Frankfurt's DAX 40 cut early losses to trade 0.7% higher on Thursday afternoon, attempting to halt a eight-day losing streak, as oil prices retreated somewhat from their multi-year highs. Meanwhile, investors continued to monitor developments in the Middle East, a range of corporate earnings, economic data and central bank decisions. On the data front, Germany’s economic performance surprised to the upside in Q1, despite remaining fragile. Deutsche Post led gains, surging nearly 6%, after reporting solid performance in the first quarter. MTU Aero Engines rose 2.1%, after delivering first-quarter operating profit that beat expectations. Brenntag gained 3.5% after UBS raised its price target from 42 to 60 euros and scrapped its 'sell' recommendation in favor of a 'neutral' rating. Meanwhile, Volkswagen and Porche AG trimmed early losses and moved higher, up 1.5% and 0.9%, despite weaker-than-expected results. BASF also rebounded slightly despite weaker Q1 profits.
2026-04-30
DAX Extends Losses
Frankfurt's DAX 40 fell 0.7% to below 23,800 on Thursday, the lowest since Mid-April, marking the ninth straight session of losses. Investors digested the latest developments in the Middle East conflict and monitored a raft of corporate earnings and economic data, while awaiting the ECB policy decision later in the day. Oil prices climbed after reports that the US was considering further military action against Iran, fueling concerns over escalating tensions and prolonged supply constraints. Banks, financials, energy-sensitive industrials and consumer cyclicals were the most pressured. Among earnings reporters, BASF fell 0.5% on weaker Q1 profits, while Volkswagen slipped 0.3% following weaker-than-expected first-quarter profit. Porsche AG fell 0.5% after posting a drop in revenue while reaffirming its full-year guidance. Meanwhile, MTU Aero Engines released first-quarter results that exceeded analysts' expectations.
2026-04-30
The DAX Index Opens 0.47% Lower
The DAX Index is losing 112 points. Losses were led by Gea Group (-2.36%), Symrise (-2.27%) and Commerzbank (-1.78%). Offsetting the fall, top gainers were Brenntag (2.48%), Deutsche Post (1.62%) and Munich RE (1.03%).
2026-04-30