DAX Edges Higher
2026-05-27 07:51
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 rose 0.5% to around 25,300 on Wednesday, holding close to the highest level since January, following a weak session the day before.
Investors awaited concrete developments in US-Iran negotiations despite renewed tensions, anticipating that a deal could be achieved and restore energy flows through the Strait of Hormuz.
The auto sector led the gains, buoyed by Volvo's strong performance and EU monthly car sales data.
Continental, Daimler Truck, Mercedes-Benz Group and Volkswagen advanced more than 2% each.
Adidas, Symrise, MTU Aero Engines and Heidelberg Materials also advanced firmly, adding between 2.5% and 3.2%.
On the downside, E.ON (-2.6%) and RWE (-2.4%) posted the biggest losses.