DAX Up for 2nd Day

2026-05-19 07:55 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 rose 0.8% to cross 24,500 on Tuesday, extending modest gains from the previous day, reflecting cautious optimism over a potential US-Iran deal.

Trump said on Monday that he had temporarily paused a planned strike against Iran at the last minute to allow negotiations on a deal to end the conflict, following requests from several Gulf Arab states, including Qatar, Saudi Arabia, and the United Arab Emirates, whose leaders reportedly believe an agreement is still possible.

Nevertheless, Trump again threatened to launch a major offensive if no acceptable agreement is reached.

Among single stocks, SAP, Scout 24 and Rheinmetall led gains, rising around 4% each.

On the flip side, Infineon Technologies (-1.4%), BASF (-1.2%) and Brenntag (-1%) posted the biggest losses.

In corporate news, the German government revealed plans to re-privatize energy company Uniper, which was nationalized during the 2022 European energy crisis.



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DAX Advances for 2nd Day
Frankfurt's DAX 40 closed about 0.4% up at 24,428 on Tuesday, extending modest gains from the prior day, while European peers were mixed. A more conciliatory tone from US President Donald Trump toward Tehran eased geopolitical tensions, although doubts over a potential deal and concerns over long-term supply risks persisted. President Trump said on Monday he had postponed a planned strike on Iran to allow more time for talks toward a potential deal, after appeals from Qatar, Saudi Arabia and the UAE, but warned of a major offensive if no agreement is reached. Defense stocks saw strong demand, with Hensoldt (+6.9%), Renk (+4.8%) and Rheinmetall (+3%) all advancing firmly. SAP climbed 6%, tracking a broader rally in European software stocks, while semiconductor group Infineon Technologies fell 2.6% on profit-booking. Other top laggards included Continental (-3.5%), Daimler Truck (-2.1%) and Brenntag (-1.9%).
2026-05-19
DAX Up for 2nd Day
Frankfurt's DAX 40 rose 0.8% to cross 24,500 on Tuesday, extending modest gains from the previous day, reflecting cautious optimism over a potential US-Iran deal. Trump said on Monday that he had temporarily paused a planned strike against Iran at the last minute to allow negotiations on a deal to end the conflict, following requests from several Gulf Arab states, including Qatar, Saudi Arabia, and the United Arab Emirates, whose leaders reportedly believe an agreement is still possible. Nevertheless, Trump again threatened to launch a major offensive if no acceptable agreement is reached. Among single stocks, SAP, Scout 24 and Rheinmetall led gains, rising around 4% each. On the flip side, Infineon Technologies (-1.4%), BASF (-1.2%) and Brenntag (-1%) posted the biggest losses. In corporate news, the German government revealed plans to re-privatize energy company Uniper, which was nationalized during the 2022 European energy crisis.
2026-05-19