DAX at Over 2-Month High

DE40 increased to 24999.00 Index Points, the highest since February 2026. Over the past 4 weeks, Germany Stock Market Index (DE40) gained 8.3%, and in the last 12 months, it increased 7.39%.

Frankfurt's DAX 40 rose more than 1.5% toward 24,800 on Wednesday, the highest since late February, extending the previous session's gains, driven by renewed hopes of a US-Iran deal. President Donald Trump announced the temporary suspension of "Project Freedom" in order to resume talks with Iran, with which progress had reportedly been made. Meanwhile, investors continued to closely monitor the earnings season. Autos, along with banks and financials, posted the biggest gains. BMW shares surged 6% after the premium carmaker beat earnings estimates, despite reporting a 25% decline in pre-tax profit. Continental rose over 5%, as it reported adjusted operating profit in the first quarter above analysts' forecasts. Infineon hit a record high before turning lower after strong Q2 FY2026 results and raised guidance, with profit-taking following its strong year-to-date performance. Zalando shed 1% on concerns about the medium-term impact of agent-based commerce, despite stronger Q1 results.

The DAX Index is picking up 255 points or 1.04 percent on Wednesday. Gains are led by Continental (4.86%), BMW (4.43%) and MTU Aero Engines AG (2.90%).