DAX 40 Rises Toward 3-Week High
2026-07-27 15:39
By
Agna Gabriel
1 min. read
The DAX 40 rose more than 1% to above 25,400 on Monday, the highest in nearly three weeks, as improving US-Iran relations, weaker oil prices and falling bond yields boosted investor sentiment.
The decline in energy prices eased inflation concerns and reduced expectations for additional monetary tightening ahead of a busy week of central bank decisions and major technology earnings.
SAP led the gains, jumping more than 7% after launching the second phase of its €10 billion share buyback programme and extending the positive momentum following stronger-than-expected second-quarter results.
Deutsche Telekom (+2.6%) and Rheinmetall (+1.3%) also gained.
In contrast, Infineon dropped 4.5% after ASML shares declined following reports that a Chinese state-backed company is developing chipmaking equipment that could challenge its market position.
Lower energy prices weighed on Siemens Energy (-2%) and E.ON (-2.5%).