DAX on Higher Note

2026-05-22 07:56 By Luisa Carvalho 1 min. read

Frankfurt’s DAX 40 rose 0.8% toward 24,800 on Friday and was set for a 3.5% weekly gain, supported by tech strength, positive economic data, and hopes for a negotiated Iran resolution.

German consumer sentiment improved slightly heading into June, defying expectations of a further decline, as did business sentiment, despite near multi-year lows.

Meanwhile, US Secretary of State Marco Rubio cited “some encouraging signs” of a potential agreement, while Iranian Foreign Ministry spokesman Esmaeil Baqaei confirmed ongoing Iran–U.S.

talks mediated by Pakistan on ending hostilities “on all fronts, including Lebanon.” However, the Strait of Hormuz remains closed, and oil prices are pushing higher again.

Tech outperformed, with Infineon Technologies gaining over 4%, while Adidas and Puma rose more than 2% each after strong results from US rival Deckers Outdoor.

Deutsche Post added 3.7% after Deutsche Bank upgraded the stock to “buy” from “hold.”



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