Stocks in Germany Hit 9-week High

Frankfurt’s DAX 40 extended early gains on Wednesday, briefly topping the 25,000 mark, the highest level since late February, driven by energy-sensitive industrials, banks and financials. Market sentiment improved following reports that the US and Iran were getting close to a deal that would bring a resolution to the conflict. US President Trump announced earlier that he would suspend the US operation to ensure the safe passage of ships through the Strait of Hormuz. Meanwhile, traders eyed a deluge of corporate earnings from both sides of the Atlantic. MTU Aero Engines jumped over 9% and Airbus surged 6.2%. Continental climbed 7.7%, after reporting first-quarter operating profit above analysts' forecasts. BMW shares surged 6%, supported by quarterly financial results that exceeded market expectations across several key indicators, despite reporting a 25% decline in pre-tax profit. Infineon fell 4.5% amid profit-taking after solid results and a strong year-to-date performance.

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.