DAX Posts Marginal Gain

2026-05-11 16:19 By Luisa Carvalho 1 min. read

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.



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DAX Posts Marginal Gain
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.
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