The DAX Index Closes 0.05% Higher

Frankfurt’s DAX 40 reversed early losses to close marginally up at 24,350 on Monday, as investors tracked further Middle East developments, while AI optimism remained in play. The US-Iran negotiations suffered another setback, after President Trump dismissed Iran’s latest proposal as “totally unacceptable,” accusing Tehran of “playing games.” Among key movers, BASF rose 4.7% to lead gains after Goldman Sachs reaffirmed its “buy” rating and raised its target price to €65 from €63. Infineon Technologies followed closely, rising 3.8%. On the flip side, defence stocks including Rheinmetall (-11.5%), Renk (-6%) and Hensoldt (-4.9%) fell sharply, also weighed by Russian President Vladimir Putin’s more conciliatory tone on the Ukraine war. Gea Group dropped 5% despite beating first-quarter 2026 order intake and operating profit estimates. Hannover Re shed 3.5% despite a 48% yearly rise in net profit to €710.6 million, which missed analyst expectations of €721 million.

The DAX Index went up by 12 points or 0.05 percent on Monday to close at 24350 points. The rise was led by BASF (3.50%), Brenntag (3.22%) and Zalando (2.27%). On the downside, the weakerst performers were Gea Group (-5.44%), Adidas (-3.51%) and MTU Aero Engines AG (-3.18%).

Frankfurt’s DAX 40 declined about 0.5% to 24,220 on Monday, pressured by rising oil prices as US-Iran negotiations remained deadlocked. President Donald Trump dismissed Iran’s latest proposal as “totally unacceptable,” accusing Tehran of “playing games.” Reports suggested Iran had offered to export part of its uranium stockpile, with the option of repatriation if talks collapse, but Iran denied the claims, labeling Trump’s demands as “excessive.” Brent crude climbed above $105 per barrel, intensifying inflation concerns and reinforcing expectations of tighter ECB monetary policy. In individual stock moves, Gea Group dropped 4% despite beating first-quarter 2026 order intake and operating profit forecasts, as EPS fell short and free cash flow plunged. Meanwhile, Hannover Re slipped 2% even as its net profit surged 48% year-over-year to €710.6 million, missing analyst estimates of €721 million.