DAX Closes Lower

2026-05-07 16:07 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 reversed early gains to close about 1% lower at 24,672 on Thursday, halting gains from the previous two sessions, in line with other European peers.

Traders grew nervous as they awaited Tehran’s response to the US proposal, due later today, which could potentially facilitate the reopening of the Strait of Hormuz.

The US and Iran are reportedly close to a preliminary agreement to end their war, with a draft framework set to halt attacks permanently, though it would leave key issues, including Iran’s nuclear programme, unresolved.

Among key movers, Rheinmetall was the top loser, slipping 6.2% after its full Q1 results, as weaker-than-expected sales overshadowed strong profitability growth.

Siemens Healthineers slipped 4.7% as it trimmed its FY2026 profit guidance on the back of a weak Chinese diagnostics market that dragged Q2 profit below expectations.

On the upside, Henkel climbed 4.2%, after reporting organic sales growth that beat market expectations.



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The DAX Index fell 255 points or 1.02 percent on Thursday to close at 24664 points. Leading the losses are Rheinmetall (-7.17%), Daimler Truck Holding AG (-5.93%) and Hannover Rueck (-5.38%).
2026-05-07
DAX Closes Lower
Frankfurt's DAX 40 reversed early gains to close about 1% lower at 24,672 on Thursday, halting gains from the previous two sessions, in line with other European peers. Traders grew nervous as they awaited Tehran’s response to the US proposal, due later today, which could potentially facilitate the reopening of the Strait of Hormuz. The US and Iran are reportedly close to a preliminary agreement to end their war, with a draft framework set to halt attacks permanently, though it would leave key issues, including Iran’s nuclear programme, unresolved. Among key movers, Rheinmetall was the top loser, slipping 6.2% after its full Q1 results, as weaker-than-expected sales overshadowed strong profitability growth. Siemens Healthineers slipped 4.7% as it trimmed its FY2026 profit guidance on the back of a weak Chinese diagnostics market that dragged Q2 profit below expectations. On the upside, Henkel climbed 4.2%, after reporting organic sales growth that beat market expectations.
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