The DAX Index Opens 0.61% Higher

Frankfurt’s DAX 40 rose more than 0.5% to around 25,220 points on Monday, extending Friday’s gains as softer oil prices and bond yields continued to support market sentiment. Investors are looking ahead to a busy week, with the US earnings season set to begin with results from major banks. Several European companies are also due to release their quarterly results, while US inflation data will be closely watched for clues about the Fed's future monetary policy. German politics is also in focus after Bärbel Bas announced that she would step down as Labour Minister and as leader of the Social Democratic Party. Among individual stocks, Volkswagen gained 1.6% ahead of an investor update and third-quarter sales figures, while Nordex reported a significant year-on-year increase in orders. Goldman Sachs downgraded Aroundtown to “Sell” from “Neutral,” while Nagarro is set to leave the small-cap index after India’s Persistent Systems acquired approximately 94% of its shares.

The DAX Index is up by 154 points or 0.61 percent on Monday. Top gainers are Rheinmetall (1.64%), Zalando (1.64%) and Commerzbank (1.58%). Biggest losses came from Infineon (-1.80%), BASF (-0.74%) and Brenntag (-0.61%).

Frankfurt's DAX 40 gained ground to close about 1.1% firmer at 25,102 on Friday, reversing a two-day decline that sent the index to the lowest in two months. Investor sentiment improved after President Trump ruled out a US attack on Iran before the November midterm elections, citing progress in talks to end the conflict. His remarks pushed oil prices lower and eased pressure on the bond market. Meanwhile, caution prevailed amid persistent tensions in the Gulf. Software giant SAP was the top performer, rising 3.8%, followed by Zalando (3.2%) and Bayer (3.2%). Siemens, BMW, Deutsche Post and Adidas, Fresenius Medical Care and Siemens Energy also advanced firmly, each adding over 2%. On the downside, Deutsche Telekom plunged nearly 8% as SpaceX’s spectrum acquisition raised concerns over increased competition for T-Mobile US, in which it holds a 54% stake. For the week, the index lost about 0.5%.