DAX Rebounds as SAP Surges

2026-07-24 08:22 By Joana Ferreira 1 min. read

Frankfurt's DAX 40 rose 0.6% to around 24,900 on Friday, rebounding from a near one-month low as investors digested strong corporate earnings and upbeat PMI data despite escalating Middle East tensions and fresh US tariffs.

SAP surged 6% after reporting better-than-expected quarterly revenue, supported by robust cloud backlog growth and strong demand for its AI platform, while Atoss Software gained 5% on solid cloud-driven earnings.

In contrast, Adidas fell 3% after disappointing investors ahead of next week's earnings release.

Automakers underperformed, with Volkswagen slipping 1% after reporting weaker second-quarter earnings and lowering its revenue outlook.

Porsche, BMW, and Mercedes-Benz also traded lower.

Meanwhile, Brent crude remained near $100 per barrel as the US continued its military campaign against Iran and the Strait of Hormuz stayed closed, while the US also imposed new tariffs on imports from 60 trading partners, including the EU.



News Stream
DAX Rebounds as SAP Surges
Frankfurt's DAX 40 rose 0.6% to around 24,900 on Friday, rebounding from a near one-month low as investors digested strong corporate earnings and upbeat PMI data despite escalating Middle East tensions and fresh US tariffs. SAP surged 6% after reporting better-than-expected quarterly revenue, supported by robust cloud backlog growth and strong demand for its AI platform, while Atoss Software gained 5% on solid cloud-driven earnings. In contrast, Adidas fell 3% after disappointing investors ahead of next week's earnings release. Automakers underperformed, with Volkswagen slipping 1% after reporting weaker second-quarter earnings and lowering its revenue outlook. Porsche, BMW, and Mercedes-Benz also traded lower. Meanwhile, Brent crude remained near $100 per barrel as the US continued its military campaign against Iran and the Strait of Hormuz stayed closed, while the US also imposed new tariffs on imports from 60 trading partners, including the EU.
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