The DAX Index Closes 0.60% Higher

The DAX Index rose 149 points or 0.60 percent on Thursday to close at 24945 points. Leading the gains are SAP (5.81%), Qiagen NV (5.54%) and Fresenius Medical Care (4.78%). Top losers were Infineon (-3.68%), Continental (-2.40%) and RWE (-2.07%).

Frankfurt's DAX 40 rose 0.5% to close above the 24900 level on Thursday, trimming some losses from the previous session, helped by easing oil prices while investors awaited clearer signs of prospects for a wider deal with Iran. This comes after Israel and Lebanon agreed to implement a ceasefire, though earlier strikes in the week between the US and Iran kept investors on edge. Across the bourse, leading the gains were SAP, advancing more than 5%, alongside Airbus (+4.2%), Siemens Healthineers (+3.6%), and HeidelbergCement (+1.2%). Banking stocks were also in the green, including Deutsche Bank (+2.8%) and Commerzbank (+1.2%). On the flip side, losses were seen in Infineon (-3.6%), Rheinmetall (-1.1%), and RWE (-2.2%). On the economic data front, fresh PMI data showed that the German construction sector remained firmly in contraction in May.

The DAX Index is up by 53 points or 0.21 percent on Thursday. Top gainers are SAP (3.28%), HeidelbergCement (2.66%) and Deutsche Bank (2.32%). Biggest losses came from Infineon (-2.83%), RWE (-1.39%) and Rheinmetall (-0.47%).