DAX Closes at Over 2-Week High

The DAX Index rose 410 points or 1.71 percent on Tuesday to close at 24402 points. Leading the gains are Infineon (6.25%), Commerzbank (4.50%) and Siemens (4.46%).

Frankfurt's DAX 40 gained ground to close about 1.7% firmer at 24,392 on Tuesday, the highest in over two weeks, recovering from the previous day's losses. Market sentiment strengthened as global energy prices eased on hopes of progress toward reopening the Strait of Hormuz, despite lingering tensions. Better-than-expected quarterly results from both sides of the Atlantic lent further support. Tech stocks and heavyweight energy-sensitive industrials were the top performers. Among key movers, Infineon led the way, rising nearly 7%, followed by Siemens Energy and Siemens, both up 3.6%. Commerzbank shares climbed over 4% following UniCredit's official takeover bid. Rheinmetall gained 3.4% after reiterating its full-year guidance of 40%–45% sales growth, despite first-quarter 2026 sales and operating profit coming in below analysts’ estimates. On the flip side, Fresenius Medical Care plunged over 10%, as it reported a decline in Q1 net profit that exceeded market expectations.

Frankfurt's DAX 40 edged up 0.3% on Tuesday, following a downbeat session the day before, as traders continued to monitor the situation in the Middle East while keeping a close watch on earnings. The US and Iran exchanged attacks in the Gulf on Monday amid rising Strait of Hormuz tensions, while Maersk said a vessel successfully exited the Gulf through the strait under US military escort. Among stocks, Scout24 climbed 2.6% after JPMorgan maintained its Buy rating, with the price target at €83. Rheinmetall rose 1.4% following a 7.7% yoy increase in first-quarter earnings and the reaffirmation of its full-year revenue and margin guidance. Outside the main index, Hugo Boss shares surged 4.7% after posting a quarterly operating profit above expectations, despite a year-on-year decline. Fresenius Medical Care led losses, falling more than 5%, as it reported a decline in Q1 net profit that exceeded market expectations, driven by significant currency effects and restructuring-related costs.