DAX Advances for 2nd Day

2026-05-19 15:58 By Luisa Carvalho 1 min. read

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%).



News Stream
The DAX Index Closes 1.36% Higher
The DAX Index went up by 336 points or 1.36 percent on Friday to close at 25099 points. The rise was led by SAP (10.07%), Siemens Healthineers (2.81%) and Fresenius (2.22%).
2026-07-24
DAX 40 Rebounds on Friday
The DAX 40 advanced more than 1% to above 25,100 on Friday, rebounding from a near one-month low as investors welcomed strong corporate earnings and better-than-expected PMI data. Sentiment also improved late in the European session after oil prices retreated on reports that Pakistan was seeking to revive US-Iran peace talks. Meanwhile, markets continued to assess the impact of new US tariffs imposed on imports from 60 trading partners, including the European Union. The latest S&P Global survey showed Eurozone business activity returned to growth in July, exceeding expectations, with Germany leading the recovery. SAP surged 10% after reporting stronger-than-expected quarterly revenue, driven by solid cloud backlog growth and robust demand for its AI platform, while Atoss Software gained almost 10% on strong cloud-related results. In contrast, Adidas fell 1.5%, and Volkswagen dropped 2.4% after weaker earnings and a lower revenue outlook. For the week, the German index rose 1.1%.
2026-07-24
DAX Rebounds as SAP Surges
Frankfurt's DAX 40 rose 0.6% to around 24,900 on Friday, rebounding from a near one-month low as investors digested strong corporate earnings and upbeat PMI data despite escalating Middle East tensions and fresh US tariffs. SAP surged 6% after reporting better-than-expected quarterly revenue, supported by robust cloud backlog growth and strong demand for its AI platform, while Atoss Software gained 5% on solid cloud-driven earnings. In contrast, Adidas fell 3% after disappointing investors ahead of next week's earnings release. Automakers underperformed, with Volkswagen slipping 1% after reporting weaker second-quarter earnings and lowering its revenue outlook. Porsche, BMW, and Mercedes-Benz also traded lower. Meanwhile, Brent crude remained near $100 per barrel as the US continued its military campaign against Iran and the Strait of Hormuz stayed closed, while the US also imposed new tariffs on imports from 60 trading partners, including the EU.
2026-07-24