The DAX Index Opens 0.40% Higher

The DAX 40 rose 0.4% to surpass 26,200 on Tuesday, following a downbeat session in the prior day, amid some relief from the latest US sanctions on Iran. Positive domestic GDP and business confidence data also boosted sentiment. US Treasury Secretary Scott Bessent announced Monday a global sanctions program targeting countries that maintain economic and trade ties with Iran, although the measures were seen as too vague. In the meantime, chip stocks attempted to stabilize following a weak performance on Monday, with investors positioning ahead of Nvidia’s earnings report. Infineon Technologies led gains, rising more than 2%, along with AI-related stocks. Siemens Energy advanced 1.4%, also buoyed by reports that the company had commissioned Goldman Sachs to prepare for a potential sale of its majority stake in its steam turbine business. Among top losers were Siemens Healthineers (-1.1%), SAP (-01.1%) and Volkswagen (-0.7%).

The DAX Index is picking up 103 points or 0.40 percent on Tuesday. Gains are led by Infineon (1.90%), Siemens Energy (1.28%) and Airbus (1.26%). Biggest losers are Rheinmetall (-1.00%), SAP (-0.74%) and Qiagen NV (-0.69%).

The DAX Index fell 30 points or 0.11 percent on Monday to close at 26107 points. Leading the losses are Qiagen NV (-3.74%), Infineon (-3.52%) and Siemens Energy (-3.01%). Top gainers were Beiersdorf (2.11%), Deutsche Bank (2.10%) and Daimler Truck Holding AG (2.07%).