DAX Moves Higher

2026-06-16 09:47 By Luisa Carvalho 1 min. read

The DAX 40 shook off a hesitant start to cross the 25,000 mark on Tuesday, extending the previous session's rally, buoyed by the US-Iran framework agreement.

Investors remain optimistic although they maintain some reservations, considering the advances and setbacks of the past.

The memorandum of understanding is expected to be formally signed on Friday, when full details will be disclosed, while the Strait of Hormuz is set to reopen the same day.

Attention was also on policy decisions by major central banks scheduled this week.

Industrials and banks were among the top performers, while autos and tech saw pressure.

GEA Group led gains, rising nearly 5%, after Deutsche Bank raised its rating from Neutral to Buy.

Rheinmetall, Qiagen NV, Siemens, Siemens Energy and MTU Aero Engines also advanced solidly.

Commerzbank rose 1.6% as the German government rejected UniCredit's hostile takeover bid, prioritizing the bank's independence and criticizing the Italian group's "aggressive" approach.



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DAX Moves Higher
The DAX 40 shook off a hesitant start to cross the 25,000 mark on Tuesday, extending the previous session's rally, buoyed by the US-Iran framework agreement. Investors remain optimistic although they maintain some reservations, considering the advances and setbacks of the past. The memorandum of understanding is expected to be formally signed on Friday, when full details will be disclosed, while the Strait of Hormuz is set to reopen the same day. Attention was also on policy decisions by major central banks scheduled this week. Industrials and banks were among the top performers, while autos and tech saw pressure. GEA Group led gains, rising nearly 5%, after Deutsche Bank raised its rating from Neutral to Buy. Rheinmetall, Qiagen NV, Siemens, Siemens Energy and MTU Aero Engines also advanced solidly. Commerzbank rose 1.6% as the German government rejected UniCredit's hostile takeover bid, prioritizing the bank's independence and criticizing the Italian group's "aggressive" approach.
2026-06-16
DAX on Cautious Note
The DAX 40 traded just above the flatline near 24,900 on Tuesday, maintaining levels not seen since early June, amid cautious optimism over a prospective US–Iran peace deal and in anticipation of key central bank meetings, including the Federal Reserve. The memorandum of understanding is expected to be formally signed on Friday, which could pave the way for the Strait of Hormuz reopening as early as this week; however, the full details of the agreement will only be known thereafter. GEA Group led gains after Deutsche Bank raised its rating from Neutral to Buy and revised the target price from €70 to €64. Industrials giant Rheinmetall advanced 2%, with Qiagen NV, MTU Aero Engines, Siemens and Airbus adding around 1% each. On the flip side, Brenntag shares dropped more than 2% following a downgrade by Deutsche Bank Research from Buy to Hold, with the price target also lowered from €67 to €57. Infineon fell 1.8% and major automakers such as VW, Mercedes-Benz and BMW shed over 1% each.
2026-06-16
The DAX Index Opens 0.24% Higher
The DAX Index is picking up 59 points or 0.24 percent on Tuesday. Gains are led by Gea Group (3.34%), Rheinmetall (1.99%) and MTU Aero Engines AG (1.69%). Biggest losers are Brenntag (-1.82%), Infineon (-1.54%) and Adidas (-1.33%).
2026-06-16