DAX Cautiously Higher

2026-06-11 07:59 By Luisa Carvalho 1 min. read

The DAX 40 edged up to around 24,230 on Thursday, as investors weighed the latest developments in the Middle East while awaiting the European Central Bank's policy decision.

US military announced that it had completed strikes in Iran, after attacking several Iranian defensive positions for several hours.

US Defense Secretary Pete Hegseth called the strikes "an act of coercive diplomacy" aimed at overcoming the stalemate in negotiations.

Oil prices moved down as hopes for a resolution to the ongoing conflict persisted.

Sector-wise, gains in energy-sensitive industrials, chemicals and technology stocks outweighed losses in software and telecommunications.

Siemens Energy led the gains, surging 4.1%, followed by Infineon Technologies, BASF and Rheinmetall.

Meanwhile, Hugo Boss jumped more than 6% after its largest shareholder, Frasers Group, launched a $2 billion takeover bid.

On the flip side, SAP (-4.4%) was dragged lower by Oracle’s weak performance following post-results plans.



News Stream
DAX Cautiously Higher
The DAX 40 edged up to around 24,230 on Thursday, as investors weighed the latest developments in the Middle East while awaiting the European Central Bank's policy decision. US military announced that it had completed strikes in Iran, after attacking several Iranian defensive positions for several hours. US Defense Secretary Pete Hegseth called the strikes "an act of coercive diplomacy" aimed at overcoming the stalemate in negotiations. Oil prices moved down as hopes for a resolution to the ongoing conflict persisted. Sector-wise, gains in energy-sensitive industrials, chemicals and technology stocks outweighed losses in software and telecommunications. Siemens Energy led the gains, surging 4.1%, followed by Infineon Technologies, BASF and Rheinmetall. Meanwhile, Hugo Boss jumped more than 6% after its largest shareholder, Frasers Group, launched a $2 billion takeover bid. On the flip side, SAP (-4.4%) was dragged lower by Oracle’s weak performance following post-results plans.
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