The DAX Index Opens 0.35% Higher

Germany’s DAX 40 index climbed 0.5% to around 24,060 points on Wednesday, clawing back some of the previous session’s losses, as strong corporate earnings and optimism ahead of US President Donald Trump’s state visit to China temporarily overshadowed concerns over the Iran war. Merck led the index with an 8% surge after the pharmaceutical company reported higher-than-expected operating profit and raised the company’s full-year forecast. Allianz rose over 2% following a better-than-anticipated start to the year, reaffirming its annual targets. Deutsche Telekom added more than 1% after a strong quarter prompted a slight upward revision to its annual profit outlook. E.ON gained 4% and RWE dipped 0.6% after both released quarterly reports and confirmed their targets. Meanwhile, Siemens lagged at the bottom of the index, falling 1.6%, as strong demand for AI data centers and robust software sales in its second fiscal quarter were offset by the negative impact of a stronger euro.

The DAX Index is up by 83 points or 0.35 percent on Wednesday. Top gainers are Merck (7.70%), E.ON (4.17%) and Infineon (4.16%). Biggest losses came from Siemens (-1.95%), Porsche Automobil (-1.50%) and Adidas (-1.34%).

The DAX Index dropped 395 points or 1.62 percent on Tuesday to close at 23955 points. Losses were led by Munich RE (-5.99%), Zalando (-5.86%) and Siemens Energy (-5.05%).