DAX Pauses Rally
2026-08-05 16:09
By
Luisa Carvalho
1 min. read
The DAX 40 gave up early gains to close about 0.3% down at 26,139 on Wednesday, as investors took profits after the index hit successive record highs over the past few sessions.
Market sentiment remained cautiously optimistic as investors weighed the prospect of a US-Iran agreement to reopen the Strait of Hormuz.
Meanwhile, attention was also on corporate earnings.
Infineon Technologies led losses among stocks, falling more than 5%, after missing elevated margin expectations despite record revenue and a higher full-year outlook.
Deutsche Post lost 2.7%, despite beating earnings estimates and expanding its share buyback program.
On the opposite side, Fresenius SE & Co jumped 4.9% to lead the index after reporting better-than-expected Q2 results and raising its full-year earnings guidance.
Beiersdorf gained 4.9% despite a 3.5% first-half sales decline, dragged by Nivea weakness, as investors welcomed an €100 million investment plan to revive the brand’s growth.