DAX Advances on Tuesday

2026-06-02 07:59 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 rose more than 1% to around 25,265 on Tuesday, following a weak start to the month, as AI optimism about tech stocks outweighed uncertainty over a Middle East peace deal.

US President Trump said he expected a deal with Iran on extending a ceasefire and reopening the Strait of Hormuz could be reached next week, hours after reports that the negotiations had been suspended.

Lebanon also announced a partial ceasefire between Hezbollah and Israel, helping to ease tensions.

Meanwhile, preliminary data showed Eurozone's inflation data rose further to 3.2% in May, matching forecasts, while core inflation surpassed expectations at 2.5%.

Among key movers, Infineon Technologies surged 5.7% and SAP advanced 1.7%.

Deutsche Post climbed over 3% after analysts at Kepler Cheuvreux issued a buy recommendation.

Meanwhile, Siemens Energy edged lower after announcing the acquisition of Northern Ireland’s Camlin Group.



News Stream
DAX Advances on Tuesday
Frankfurt's DAX 40 rose more than 1% to around 25,265 on Tuesday, following a weak start to the month, as AI optimism about tech stocks outweighed uncertainty over a Middle East peace deal. US President Trump said he expected a deal with Iran on extending a ceasefire and reopening the Strait of Hormuz could be reached next week, hours after reports that the negotiations had been suspended. Lebanon also announced a partial ceasefire between Hezbollah and Israel, helping to ease tensions. Meanwhile, preliminary data showed Eurozone's inflation data rose further to 3.2% in May, matching forecasts, while core inflation surpassed expectations at 2.5%. Among key movers, Infineon Technologies surged 5.7% and SAP advanced 1.7%. Deutsche Post climbed over 3% after analysts at Kepler Cheuvreux issued a buy recommendation. Meanwhile, Siemens Energy edged lower after announcing the acquisition of Northern Ireland’s Camlin Group.
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