FINWIRES · TerminalLIVE
FINWIRES

DAX Index

^DAX
IndexIndex

114 stories mentioning DAX IndexUpdated 2d ago

Germany's DAX rose on US-Iran peace-deal optimism and cooling inflation data, holding roughly steady after the ECB raised its key rates by 25 basis points.

What's the latest news on DAX Index?

Asia Markets

Germany's DAX Index Rises Amid Latest Eurozone GDP, Trade Data

German equities climbed at the end of the trading week, with the blue-chip DAX index gaining 0.51% at Friday's close, as the latest euro area gross domestic product and trade data were released against the backdrop of fresh US tariff threats.According to Eurostat's second estimate, the eurozone's GDP ticked up 0.4% in the second quarter, in line with the preliminary estimate and following the prior three-month period's zero growth. On a yearly basis, the eurozone registered 1% economic growth, matching the initial estimate and against the previous quarter's 0.5% gain.On the trade front, the euro area recorded a trade surplus of 8.6 billion euros in June, compared with a revised trade deficit of 9 billion euros a month ago and an expected deficit of 2.2 billion euros. The rebound was attributed to solid foreign demand for chemicals, food and manufactured goods amid a larger energy deficit.Speaking of trade news, President Donald Trump plans to hit foreign drone imports with tariffs as high as 100%, arguing the US is "too reliant" on overseas suppliers. Drone and related component manufacturers from the European Union are expected to face a 15% levy. According to the White House, the tariffs generally take effect 21 days post-signing, with duties on select components deferred for 180 days.Alongside this escalating trade measure, geopolitical tensions are rising on another front as US officials said they are preparing to ratchet up pressure on Iran next week through a strategy of extreme economic sanctions and the sustained naval blockade of the Strait of Hormuz.As for corporate updates, Rheinmetall (RHM.F) rose 3.19% after securing a double-digit million-euro contract to equip Denmark's Armed Forces with its multi-ammunition softkill system. Intended for the Royal Danish Navy's Absalon- and Iver Huitfeldt-class frigates and its Weapons School, deliveries are scheduled to start in the fourth quarter of 2027.Meanwhile, Siemens (SIE.F) partnered with transformer voltage regulation technology company Reinhausen to co-develop and scale an up to 36-kilovolt solid-state transformer aimed at improving power efficiency for artificial intelligence data centers. The stock closed 0.02% in the green at the end of the session.

^DAX$RHM.F$SIE.F
Asia Markets

German Blue-chip DAX Index Closes Lower; Eurozone Industrial Production Holds Steady

German shares ended Thursday's trading in the red, with the blue-chip DAX index closing 0.15% lower, after the market assessed the latest eurozone industrial production data alongside mixed messages regarding control of the Strait of Hormuz.Eurostat data showed monthly industrial production in the euro area stabilized in June, compared with the revised 0.3% uptick in the previous month and the expected 0.1% decline. The reading reflected reduced production in intermediate and capital goods, as well as higher output for energy and durable and non-durable consumer products.On the geopolitical side, hardening stances and competing claims over the Strait of Hormuz by US and Iranian officials continue to heighten market uncertainty. While the US asserts "total control" over the strategic waterway, Iranian military officials insist the key Gulf passage remains under Tehran's management and authority. Deutsche Bank Research also noted comments from Pakistan's foreign ministry suggesting peace talks between the US and Iran are currently at a standstill."While there is little sign of agreement over control of the Strait of Hormuz, sanctions relief or the terms under which maritime traffic might normalize, oil flows through Hormuz have improved a bit from the worst point of the disruption, in part as shuttle transfers have played an increasing role. So that's helped limit the extent of the upward pressure on oil prices, with both Brent crude (+0.08% to $88.98 [per barrel]) and WTI (+0.08% to $83.27/bbl) little changed yesterday. And they are trading slightly lower this morning, though that still leaves them +6% higher so far this week," the research firm said.In corporate news, RWE (RWE.F) was up 2.95%, climbing to the top spot on the DAX, after reporting robust first-half performance, including a more than 40% jump in adjusted EBITDA to 3.01 billion euros and an increase in adjusted net income to 1.26 billion euros from 792 million euros."Although the reported 1H26 figures themselves were largely a sideshow after the 28 July preannouncement, we think a positive relative share price reaction is warranted by the added commentary. The disclosure that RWE is close to two data centre site agreements supports our view that further value-accretive transactions are coming, following the EUR225m capital gain booked on the Amazon land sale in November 2025. Management's own reference to upside risk from current commodity prices also reinforces our view that 2026/27 guidance remains conservative," according to research firm Barclays.Meanwhile, the European Commission approved Chinese automaker Seres Group Co.'s entry into joint control of Beijing Ionchi New Energy Technology Co. with existing partners Mercedes-Benz Group (MBG.F) and BMW (BMW.F), saying the deal poses no competition risk to the European Economic Area. Mercedes-Benz fell 1.40%, while fellow German automaker BMW lost 0.71% at the end of the session.

^DAX$BMW.F$MBG.F$RWE.F
Asia Markets

DAX Index Slips as German Inflation Accelerates

German stocks were downbeat on Wednesday, with the blue-chip DAX index 0.17% in the red at closing, as investors assessed the latest economic data prints that hit the market.Final data from Destatis confirmed that annual inflation in Germany increased to 2.8% in July from 2.3% in June. The core inflation rate, which excludes food and energy prices, stood at 2.4%, down from the previous 2.5%.Meanwhile, the country's current account surplus totaled 19 billion euros in June, up by 10.1 billion euros from the previous month, mainly attributed by the Deutsche Bundesbank to an increase in merchandise trade surplus and a turnaround into a surplus in so-called invisible current account transactions.Zooming out to the US, the annual inflation rate edged down to 3.4% in July from 3.5% a month before, while the annual core inflation rate declined to 2.5% from 2.6%.On the corporate front, TKMS (TKMS.F) shares jumped 9.10% at closing as it further raised its fiscal 2026 guidance, including expectations of annual sales growth between 10% and 12%, against its previous forecast of 2% to 5%. For the first nine months of the fiscal year, the German naval company's sales climbed 19% year over year to 1.89 billion euros, mainly driven by the scheduled execution of its high order backlog."The systematic and consistent execution of our order backlog remains a top priority for TKMS. The strong sales and profitability trends in the first nine months of the current fiscal year confirm that we are on the right track," Chief Financial Officer Paul Glaser said. "In light of these encouraging developments, we have decided to adjust our full-year guidance for sales, adjusted EBIT, and adjusted EBIT margin for fiscal year 2025/26. We fully reaffirm our medium-term targets, including the further increase in the margin to over 7%."Hannover Re's (HNR1.F) group net income for the first half rose to 1.4 billion euros from the year-ago 1.3 billion euros, while its gross reinsurance revenue fell to 12.9 billion euros from 13.3 billion euros. At unchanged exchange rates, the company said reinsurance revenue growth would have reached 0.7%. It also reaffirmed its full-year 2026 outlook, saying it is on track to achieve its group net income target of at least 2.7 billion euros. The stock was up 0.16%.Investors received mixed signals on the geopolitical front, with reports suggesting progress toward easing tensions around the Strait of Hormuz offset by fresh security concerns. Pakistan's defense minister said the US and Iran were close to an arrangement to resume traffic through the waterway, while Qatar's Foreign Ministry said Oman and Iran were at an advanced stage of negotiations. Meanwhile, a suspected Houthi strike in the Bab el-Mandeb Strait and a reported US attack on a vessel in the Gulf of Oman added to uncertainty.

^DAX$HNR1.F$TKMS.F
Asia Markets

German Equities Rise; US-Iran Tensions Reignite

Germany's blue-chip DAX index was in the green on Tuesday, closing 0.27% higher, as renewed diplomatic friction between the US and Iran stoked uncertainty regarding the Strait of Hormuz's reopening.Prospects for reopening the Strait of Hormuz hit a fresh wall as Washington and Tehran traded opposing demands for war reparations. With US President Donald Trump now seeking payment for 50 years' worth of damages and Iran refusing to clear the waterway without security guarantees and sanctions relief, diplomatic efforts remain stalled."The more pessimistic narrative meant that Brent crude oil (+4.99%) moved up for a 4th consecutive session yesterday, closing at $87.72 [per barrel]. In addition, fears of a more protracted standoff were also gaining momentum, with the 6-month Brent future (+4.44%) also up to $80.24/bbl. So that helped to revive inflation fears on both sides of the Atlantic, with the 1yr Euro inflation swap [+12.6 basis points] back up to 2.39% yesterday. And that in turn led to mounting speculation about central bank rate hikes, with investors pricing in a more hawkish path for the months ahead," Deutsche Bank Research wrote.In corporate news, Deutsche Bank (DBK.F) fell 0.09% after securing the designation from the People's Bank of China as the first European lender authorized to handle renminbi clearing in the region. The role allows the Frankfurt-based bank to offer European financial institutions and companies direct, end-to-end processing and settlement for cross-border transactions in the Chinese currency.Outside the main index, Uniper (UN0.F) raised the floor of its full-year 2026 adjusted net income outlook to between 500 million euros and 600 million euros from the previous target of 350 million euros to 600 million euros. The upgrade came alongside the energy company's first-half earnings report, which showed its adjusted net income rose to 388 million euros from 135 million euros a year ago."Uniper's H1 print adds to the European utilities guidance-upgrade theme, with FY26 [EBITDA/net income] mid-points raised meaningfully despite mixed operations. We see this as sector-positive, but retain our [underweight rating] on relative valuation: Uniper's premium multiple leaves better risk/reward elsewhere," research firm Barclays wrote. The German energy company was up 5.48% on Xetra.

^DAX$DBK.F$UN0.F
Asia Markets

German Stocks Gain as Iran-Oman Strait of Hormuz Talks Advance

German equities blinked green at the start of a new trading week, closing Monday 0.14% higher, as Iran said talks with Oman regarding an agreement to reopen the Strait of Hormuz are "progressing smoothly and constructively."Reuters reported that negotiations between Iran and Oman on new Strait of Hormuz navigation lanes are entering their final stages, with a route map agreed on, according to Iranian Foreign Ministry spokesperson Esmaeil Baghaei. However, Tehran maintains the waterway will not fully reopen until the US meets its demands regarding war damage compensation, sanctions relief and an end to military threats.Amid a quiet day for economic news, investors await key economic updates for the week, including Germany's final inflation print for July due on Wednesday, industrial production data for the euro area on Thursday and gross domestic product and employment figures for the eurozone expected on Friday.On the corporate front, Rheinmetall (RHM.F) will set up an independent system integration capability in Germany for Boeing's (BCO.F) MQ-28 Ghost Bat to bolster the German Air Force's development of its collaborative combat aircraft capabilities. The German arms manufacturer lost 0.03% at closing, while Boeing's Frankfurt-listed stock was 2% in the green.Infineon Technologies (IFX.F) was up 1.51%, climbing to one of the top spots of the DAX, as Metzler Capital Markets revised its model after the German semiconductor company upgraded its fiscal 2026 outlook following its third-quarter results. Infineon's revenue guidance was revised to 16.3 billion euros from the previous projection of a "significantly" higher revenue year over year."Multi-year visibility is improving, as IFX expanded its order backlog sequentially by EUR5bn to approximately EUR30bn," the research firm wrote. "We [are] turning increasingly constructive on the company's AI datacenter opportunity, raising our expectations for the [Power & Sensor Systems] and [Green Industrial Power] segments stronger than for other business segments."Meanwhile, Commerzbank (CBK.F) and UniCredit held their first formal talks on managing the expected regulatory transition if the Italian lender gains control of the German bank. The discussions focused on accounting, legal and risk management implications of the potential consolidation, Bloomberg News reported, citing sources familiar with the matter. Commerzbank was 0.26% in the green at the end of the session.

^DAX$BCO.F$CBK.F$IFX.F$RHM.F
Asia Markets

DAX Index Up After German Industrial Output, Trade Data Releases

The blue-chip DAX index closed Friday 0.69% higher, as the market assessed the latest German industrial production and trade balance data alongside fresh corporate earnings and trading updates.According to Destatis, industrial output in June was up 0.2% month over month, as expected, and against the revised 0.7% increase a month ago. Year over year, industrial production declined 0.1%, following zero growth previously."Despite the war in the Middle East and soaring energy prices, industrial production is proving resilient. Some industries or companies actually seem to have benefited from the war in the Middle East, as Asian competitors were hit harder by the closure of the Strait of Hormuz. However, don't mistake a cyclical rebound for structural improvement. This is still only a cyclical rebound from low levels," ING said. "Even if the German economy has proven more resilient than some had feared, an expansion of the conflict into other trade routes would obviously pose a new risk to the economic rebound."On the trade front, the Federal Statistical Office reported that Germany's calendar and seasonally adjusted trade surplus was 15.4 billion euros in June, compared with the revised 19.3 billion euros in May and the market forecast of 17.2 billion euros.In geopolitical news, crude prices trended higher again as market watchers assessed reports on the supposed initial draft of the Iran-Oman proposal for the Strait of Hormuz, which looks to impose stringent commercial shipping controls, including limits on US and Israeli vessels, hostile-nation compensation fees and 20% cargo penalties for violations.On the corporate side, Daimler Truck Holding (DTG.F) lost 2.81% and was the biggest loser, as the German automaker's second-quarter order intake came in weaker than expected across its business areas, with incoming group orders growing 27% to 74,448 units year over year."Daimler Truck has issued full Q2 results, with key [profit and loss] figures in line with the July 22 pre-release. However, unit orders up 27% y/y, but a 14% miss vs consensus ([Trucks North America/Mercedes-Benz Trucks] -17%/21% respectively)," RBC wrote. "Orders being somewhat soft the main surprise point, with no other major surprises given the pre-release."Meanwhile, Munich Re (MUV2.F) was down 1.38% after the German reinsurer lowered its full-year 2026 group insurance revenue outlook to 62 billion euros from 64 billion euros earlier, following the revision of its reinsurance revenue expectations to 38 billion euros from 40 billion euros due to current business trends. Still, Munich Re said in its interim earnings report that it continues to expect a net result outlook of 6.3 billion euros amid expectations of "sustained advantageous business opportunities in the coming quarters."

^DAX$DTG.F$MUV2.F
Asia Markets

German Shares Up as Corporate Earnings Season Continues

Germany's blue-chip DAX index ended Thursday trading 0.15% in the green, as investors digested the latest wave of corporate earnings and trading updates, alongside developments on the interim deal regarding the Strait of Hormuz.Siemens (SIE.F) was among the worst performers, falling 4.56%, even after reporting fiscal third-quarter revenue and orders that topped consensus estimates. Deutsche Bank Research said the strong results may not be sufficient to drive a positive share price reaction."Most of Siemens' electrification and automation peers had already reported stronger-than-expected results, so today's beat and raise should not really come as a surprise. The absence of a guidance increase for [Digital Industries] might even be perceived negatively today. On a more positive note, the company received clarification on the tax treatment for the [spin-off] of [Siemens Healthineers (SHL.F)], which looks favorable and will allow the group to proceed with the plan," the research firm wrote. Siemens Healthineers was down 0.36% at closing.On the flip side, Deutsche Telekom (DTE.F) climbed to the top spot, gaining 6.31%, after raising its full-year 2026 free cash flow after leases outlook to 20 billion euros from the previous goal of over 19.8 billion euros as part of its first-half results. Concurrently, the German telecommunications company increased its 2026 share repurchase program by up to 3 billion euros, boosting the total to up to 5 billion euros by the end of the year.In economic news, Germany's construction slump extended in July, amid further declines in overall activity and new business. Based on the latest S&P Global survey, the Construction PMI Total Activity Index fell to a three-month low of 42.1 from 44.8 in June."Activity in the construction sector continues to be held back by a lack of demand, with the weakness showing up most notably in the housing sector but also in the commercial building space. We saw growth resume in the civil engineering activity sector in July, with this area remaining the main bright spot in an otherwise gloomy start to the third quarter," S&P Global Market Intelligence Economics Associate Director Phil Smith said.On the geopolitical front, Iran said it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, marking a potential step toward reopening the critical energy transit route. A joint statement is in the final drafting stage, with Tehran saying negotiations are progressing, provided third parties do not obstruct the process.

^DAX$DTE.F$SHL.F$SIE.F
Asia Markets

German Blue-chip DAX Index Retreats Amid Hopes of Interim Strait of Hormuz Accord

Germany's blue-chip DAX index closed Wednesday's session 0.29% in the red, after media reports claimed a temporary maritime agreement for fee-free passage in the Strait of Hormuz may be imminent.According to Axios, the US is hoping for a Wednesday announcement of an interim deal between Iran and Oman granting a 60-day toll-free transit for Gulf shipping, with traffic split between Iranian and Omani waters."Markets have seen plenty of false dawns throughout this conflict, so plenty of attention will be on whether a deal is announced imminently and its details. As of now, investors are increasingly pricing a solution, with the most obvious positive reaction coming in energy markets," Deutsche Bank Research wrote.Back home, final business survey data showed Germany's private sector recovered for the first time since March amid a marked increase in manufacturing production. According to S&P Global, the final German Composite PMI Output Index edged up to 51.3 in July from 49.5 a month earlier, surpassing the initial reading of 51.2.On the corporate side, Fresenius (FRE.F) rose to the top spot on the DAX, closing 5.16% higher, after reporting a "clean top-to-bottom beat" in the second quarter, according to Metzler Capital Markets. The German healthcare company's group revenue rose 6% organically to 5.86 billion euros, topping the consensus forecast of 5.4%."Looking through the print, some of the margin strength looks mix-driven rather than fully run-rate, with management citing favourable mix including milestone receipts at the Growth Vectors. Into H2, the Helios Germany surcharge rolls off at end-October, while the Ketosteril [volume-based procurement] comp headwind in Nutrition annualizes from Q3, which should ease that particular drag. We'd watch the durability of the 17.9% Growth Vectors margin and the Pharma margin recovery as the key swing factors for H2/26," the research firm said.Meanwhile, Siemens Energy (ENR.F) closed flat as mwb Research noted the energy technology company's "impressive" fiscal third quarter was already priced in and its valuation "leaves little room for error." Group revenues rose 18.5% on a comparable basis to 11.45 billion euros, bolstered by robust demand across grid, gas turbine, and data center infrastructure.

^DAX$ENR.F$FRE.F
Asia Markets

Germany's DAX Index Closes Higher; Zalando Tumbles

Germany's blue-chip DAX index remained in the green on Tuesday, closing 0.77% higher, as markets digested a fresh batch of corporate earnings reports and updates amid a quiet day of local economic news.Bayer's (BAYN.F) net income, including discontinued operations, amounted to 219 million euros in the second quarter, swinging from a year-ago loss of 199 million euros, while sales over the period increased to 10.87 billion euros from 10.74 billion euros. The German life sciences company's shares added 2.40% at the end of the trading day."While we've delivered strong strategic and financial progress, including meaningful steps on our balance sheet, important opportunities remain ahead of us. Bayer benefits from a powerful innovation engine and growth prospects across all three businesses. Our financial priorities are clear: to further strengthen the balance sheet, enhance productivity and improve cash generation, while continuing to invest behind growth and creating sustainable value," according to Chief Financial Officer Judith Hartmann.Meanwhile, Zalando (ZAL.F) saw a year-over-year jump in second-quarter revenue to 3.42 billion euros from 2.84 billion euros, while gross merchandise volume was up 20.7% to 4.92 billion euros. For full-year 2026, the online fashion retailer now expects revenue and gross merchandise volume growth to be in the lower half of its previous 12% to 17% guidance, on a reported basis."Zalando reported Q2-26 results this morning with slightly soft results (-1% GMV miss;-2% sales miss; -2% AEBIT miss). B2C GMV was softer at +4.4% pro-forma YoY growth (decelerating QoQ, despite an easing comp) whilst B2B continues to grow well on topline and margins. Guidance narrowed on AEBIT and pushed to lower end on topline growth but both of these were expected. Net net, we think this is slightly disappointing today," Bernstein analysts said in a quick take note. The stock dropped 13.36% at closing.Elsewhere and on the geopolitical front, Treasury Secretary Scott Bessent told CNBC that the US could reach a deal with Iran "today or tomorrow" to open the Strait of Hormuz. When asked if Iran could charge a toll, Bessent replied that the deal would allow "freedom of movement."

^DAX$BAYN.F$ZAL.F
Asia Markets

DAX Index Rallies Amid Latest German Manufacturing, Retail Sales Data

German shares jumped during the first trading day of the month, with the blue-chip DAX index up 1.46% at Monday's close, as the market assessed fresh domestic manufacturing and retail sales figures against ongoing developments in the US-Iran conflict.According to S&P Global, the final headline German manufacturing PMI came in at 52.2 in July 2026, as expected, and above the previous month's 50.3, marking the joint-highest reading since May 2022."Germany's manufacturing sector made an impressive start to the third quarter, with a notable improvement in export sales helping drive the strongest production growth in nearly four-and-a-half years. An easing of cost inflation to the weakest seen since the outbreak of the Middle East war, primarily linked to the drop in oil prices through June and into early July, was likely a supporting factor too," S&P Global Market Intelligence Economics Associate Director Phil Smith said. "Given the volatility in oil prices in recent weeks and the still highly uncertain situation in the Middle East, it's difficult to see this kind of performance being sustained without a resolution to the hostilities."In other local economic news, Destatis reported that German retail sales dropped 1.1% month on month in June, compared with a revised 1.2% growth previously and the expected 0.4% dip. Annually, retail sales were down 0.2%, against a revised 2.1% increase earlier.On the geopolitical side, Reuters reported that Iran's Foreign ⁠Ministry spokesperson Esmail Baghaei denied US President Donald Trump's statements regarding scheduled negotiations for Monday, saying no talks are planned after Trump abruptly called off threatened military strikes. Tehran's spokesman added that the only active discussions are with Oman about the management of the Strait of Hormuz.In corporate news, Beiersdorf (BEI.F) tumbled 1.93% and became one of the index's biggest losers, as the German personal care products manufacturer now anticipates its full-year 2026 organic sales to fall by a low single digit amid expectations of persistent market volatility. The company previously projected flat to slightly higher sales.Meanwhile, Deutsche Bank Research raised its price target for Siemens AG (SIE.F) to 270 euros from 260 euros and maintained its hold rating, noting the performance of the German technology group's peers."In this short note, we discuss the (disappointing) results from Healthineers [SHL.F] and the (positive) read-across from Siemens' peers in the automation and electrification domains. We now expect Siemens to beat on orders across all four divisions this quarter... Overall, we anticipate that management will likely upgrade its EPS guidance by c.5% to a new range of EUR11.3-11.7 versus EUR10.7-11.0 previously (including EUR0.15 from SHL tariff refunds), with the Street sitting at EUR11.3," the research firm wrote. Siemens climbed 0.94%, while Siemens Healthineers rose 6.10% at the end of the trading day.

^DAX$BEI.F$SHL.F$SIE.F
Asia Markets

German Blue-chip DAX Index Little Changed; Eurozone Inflation Ticks Up

Germany's blue-chip DAX index ended the last trading day of the month little changed, gaining 0.07%, after the market digested the latest eurozone inflation print and new corporate earnings and trading updates.According to flash data from Eurostat, the euro area's annual inflation edged up to 2.9% in July from 2.8% a month ago, as expected. Meanwhile, the annual core rate, which excludes energy, food, alcohol and tobacco, came in at 2.5%, surpassing the previous and expected 2.4%."So, while the data for July was quite benign, there is still plenty of scope for a further increase in inflation. Especially since the Middle East war remains very unpredictable. The [European Central Bank] remains on high alert and is likely to raise rates in September again under current conditions," ING said.Speaking of the war, Iran's Islamic Revolutionary Guard Corps claimed it targeted and stopped two tankers accused of violating passage protocols in the Strait of Hormuz. Meanwhile, US President Donald Trump convened a cabinet meeting at Camp David as he weighs his options for resolving the conflict with Tehran.Back home and on the jobs front, the federal agency Bundesagentur für Arbeit reported that Germany's unemployment rate increased to 6.4% in July from June's 6.3%, above the market forecast of 6.3%. The number of unemployed individuals in the country rose by 6,000, compared with a 1,000 decrease earlier and the expected jump of 5,000.In corporate updates, Siemens Healthineers (SHL.F) fell 0.91% after the German medical technology company lowered its fiscal 2026 comparable revenue growth outlook to between 3.5% and 4% from the previous target range of 4.5% to 5% on the back of its diagnostics division's performance.Outside the main index, Siltronic (WAF.F) was up 2.91%, as Deutsche Bank Research upgraded the German silicon wafer supplier to buy from hold and raised its price target to 100 euros from 72 euros."The silicon wafer industry has suffered for a long time relative to the wider industry. In fact, the AI spending boom has pretty much passed it by so far given low wafer area consumed by market leaders such as Nvidia [NVD.F]. However, despite ongoing demand destruction in mainstream categories, we believe the wave of demand from agentic AI is now set to tip the 300mm wafer industry into shortage conditions, starting with epitaxial wafers, but with polished wafers set to follow. This puts the bargaining power firmly back into the hands of the wafer producers, who can rightly point out how hard done by they have been in the last four years," the research firm wrote. Nvidia's Xetra stock gained 1.38%.A renewed rise in international semiconductor stock investment also benefited German semiconductor company Infineon Technologies (IFX.F), which added 3.70% at the end of the session and was the best performer on the DAX.

^DAX$IFX.F$NVD.F$SHL.F$WAF.F
Asia Markets

DAX Index Rises as German GDP Rises, Inflation Jumps

German equities were closed higher on Thursday, with the blue-chip DAX index ending the session 0.60% in the green, after the release of the latest economic data from the eurozone's largest economy.Provisional data from Destatis showed that Germany's second-quarter gross domestic product ticked up 0.2% quarter over quarter, against a revised 0.4% increase in the previous three-month period and the expected 0.1% gain."Looking ahead, it is obvious that the short-term outlook for the German economy is highly dependent on energy prices and the war in the Middle East, as it affects both industry and households. Even if the German economy has proven to be more resilient than some had feared, an expansion of the conflict to other trading routes would obviously pose a new risk to the economic rebound," ING said.Meanwhile, preliminary data from the Federal Statistical Office showed that Germany's annual inflation accelerated to 2.8% in July from 2.3% in the prior month, ahead of the market forecast of 2.7%. The core inflation rate, which excludes food and energy prices, stood at 2.4%, down from the previous 2.5%.Zooming out, global markets weighed a sharp escalation in Middle East tensions following Iranian strikes on US military sites in Jordan. The attack prompted President Donald Trump to promise heavy retaliation, warning that the US would be "hitting them hard" even as American forces already launched a fresh wave of strikes. Against this volatile geopolitical backdrop, both the US Federal Reserve and the Bank of England opted to hold key interest rates steady.In corporate news, adidas (ADS.F) plunged to the bottom of the DAX, closing 11.52% lower, as Deutsche Bank Research noted the German sportswear giant's "good but not good enough" second-quarter results."In absolute terms, 2Q was a good quarter but against a rising tide of World Cup expectations this is going to disappoint investors. 2Q sales were up 13% to EUR6,743m (+2% ahead of cons), but EBIT was only up 5% to EUR574m (-8% below cons). Strong sales and gross profit were more than offset by significantly higher marketing investments," the research firm wrote.On the flip side, Symrise (SY1.F) gained 3.12% and was one of the index's top stocks, after the chemicals company reported first-half sales of 2.54 billion euros, which was up 2% organically, and confirmed its full-year 2026 outlook, including expectations of organic sales growth between 2% and 4%.

^DAX$ADS.F$SY1.F
Asia Markets

German Equities Close Busy Earnings Day Flat

German shares ended an earnings-heavy session little changed, with the blue-chip DAX index closing Wednesday's session 0.01% lower.BASF (BAS.F) climbed to one of the top spots, rising 3.87%, as mwb Research noted the German chemical group's in-line second-quarter results, which included a 16.4% year-on-year jump in group sales to 17.21 billion euros."Final Q2 results were in line with prelims and confirmed that the earnings beat was driven primarily by stronger contribution margins, supply-related pricing and the Zhanjiang ramp-up rather than a broad-based demand recovery, with elevated hedging and trading gains also providing a less-repeatable contribution," mwb wrote. "With July trading holding up and no material demand destruction evident, we expect conditions to stabilize gradually through H2 2026, with scope for a modest improvement into 2027."Meanwhile, Rheinmetall (RHM.F) reported that its preliminary second-quarter revenue surged 69% year over year to 3.29 billion euros and its operating profit came in at 562 million euros, beating market forecasts of 469.9 million euros. The German arms maker ended the trading day 6.13% in the green.Concurrently, Deutsche Bank (DBK.F) released its interim results, with first-half total revenue rising to 17.15 billion euros from the previous year's 16.33 billion euros, and announced plans for a new 500 million-euro share repurchase."DBK delivered a good set of results largely driven by the investment bank but the other divisions beat as well while costs came in in line. Loan loss guidance was reiterated on an underlying basis but DBK might book additional provisions to exit non-performing portfolios. While the [share buyback] was in line with estimates, it is reassuring that DBK moves forward," RBC Capital Markets said in a quick-take report. The lender was up 1.07%.In economic news, Germany's Federal Statistical Office reported that import prices in the eurozone's largest economy rose 6.1% year on year in June, against a 6.8% jump in May and the consensus estimate of a 6% increase. On a monthly basis, import prices edged down 0.7%, as expected.On the geopolitical front, oil prices are trending upward again after coordinated US-Saudi Arabian airstrikes killed 20 Iran-backed paramilitary members in Iraq in retaliation for drone strikes on Saudi energy facilities. Reuters reported the escalation follows Tehran's rejection of an Omani proposal for joint control of the Strait of Hormuz, with an unidentified Iranian official telling the newswire the terms were "unreasonable."

^DAX$BAS.F$DBK.F$RHM.F
Asia Markets

German Shares Rally; Mercedes-Benz Climbs Post-H1 Results

German equities rallied on Tuesday, with the blue-chip DAX index closing 0.52% higher, partly driven by Mercedes-Benz Group (MBG.F) after reporting its first-half earnings.RBC Capital Markets viewed the German luxury vehicle manufacturer's second-quarter results positively, noting that its adjusted EBIT of 2.30 billion euros and revenue of 32.06 billion euros surpassed consensus forecasts of 1.65 billion euros and 31.90 billion euros, respectively."Mercedes posted a strong Q2 beat vs consensus, highlighted by Car margins coming in at 4%, above the 3.5% consensus level. While mgmt did temper its '26 Revenue/volume guide for the full year, consensus was already below the prior guide... Importantly, Mercedes monetized EUR400M of its 35% Daimler Truck [DTG.F] stake (its stake would imply ~(Euro)12.5B), representing ~3% of MBG's interest. On the positive side, this does indicate that the company is serious about asset monetization, but it likely will be done over a long period of time considering the relatively small disposition size done in Q2," RBC wrote. Mercedes-Benz Group was up 2.88%, while Daimler Truck increased 3.75% at the end of the trading day.Outside the DAX index, photovoltaic projects developer Helios Solar (HE8.F) made its debut on the Frankfurt Stock Exchange's General Standard segment, opening at 4.15 euros per share.In geopolitical news, Gulf nations are reportedly supporting a proposal from Oman that will allow Iran to collect voluntary passage fees in the Strait of Hormuz to help restore disrupted oil trade, a source told Reuters. The report comes as US President Donald Trump noted "good talks" were underway, while threatening renewed strikes unless negotiations produced results."And while Iran's Foreign Ministry suggested that no formal negotiations were taking place with the US, we saw continued reporting of talks between Iran and Oman on re-opening the Strait of Hormuz," Deutsche Bank Research said. "There was also some more concerning news, not least with Houthi attacks on Saudi oil facilities over the weekend. But overall, the focus on talks sent front-month Brent crude -8.70% lower, while 6-month Brent futures were down -3.29% to $79.67 [per barrel]."Back home, the ifo Institute reported that German export expectations marginally improved in July, even as the industry still struggles with building momentum. The ifo export expectations ticked up to -3.3 points from June's -3.6 points, with increases projected in foreign sales across the electrical equipment, beverage, mechanical engineering, and food manufacturers.

^DAX$DTG.F$HE8.F$MBG.F
Asia Markets

Blue-chip DAX Index Up as German Business Climate Improves

The blue-chip DAX index started the trading week in the green, closing 1.04% higher on Monday, on the back of improving German business sentiment and a pause in Middle East hostilities.The ifo Institute's business climate indicator stood at 86.6 points in July, up from June's revised 85.7 points and the expected 86.1 points. The expectations indicator rose to 86.7 points from the revised 84.3 points, while the current conditions index ticked down to 86.5 points from 87 points."Normally, three consecutive increases in the Ifo index points would be a reason to party, celebrating increasing optimism in German businesses and higher hopes for an economic rebound in the second half of the year. However, in this highly volatile geopolitical environment, even leading indicators have become rather outdated," ING said. "Today's Ifo index reading probably reflects more the initial relief after the US-Iran Memorandum of Understanding than the recent surge in energy prices."Speaking of the Middle East war, Washington paused its military campaign against Tehran over the weekend following 13 nights of US strikes. Tehran also halted its retaliatory attacks, but Reuters reported that Iranian officials reaffirmed the country's control over the Strait of Hormuz while emphasizing it had not asked the US to resume peace talks."The main market risk remains the energy and shipping front. Traffic through Hormuz remains severely disrupted, while the conflict has broadened into the Red Sea, where Iran-backed Houthi forces reportedly launched missile and drone attacks against Saudi energy infrastructure around Jizan and Yanbu over the weekend, prompting retaliatory Saudi strikes. This raises the prospect of simultaneous disruption to both Gulf and Red Sea export routes. So a welcome pause from the main actors but a fragile one, especially with side battles still ongoing," Deutsche Bank Research wrote.On the economic data front, German import prices are expected on Wednesday, while Thursday releases include Germany's preliminary July inflation print as well as second-quarter gross domestic product figures for both Germany and the eurozone. Market watchers are also awaiting policy decisions from both the US Federal Reserve and the Bank of England this week.In corporate news, Hochtief (HOT.F) lost 2.95% as the German infrastructure group raised its full-year 2026 operational net profit outlook to between 1.03 billion euros and 1.10 billion euros, up 30% to 40% on an annual basis and against its previous forecast range of 950 million euros to 1.03 billion euros. The guidance upgrade was supported by "very strong demand" for its North American-based construction services company, Turner, within the data center segment.Meanwhile, Rheinmetall (RHM.F) secured an additional 60.5 million-euro order to supply heavy tractor units to the German Armed Forces. Under an expansion of a 2018 framework agreement, Rheinmetall MAN Military Vehicles will deliver 56 Elefant 2 transporters to the Bundeswehr in 2026 and 2027. The German arms manufacturer gained 1.25% at closing.

^DAX$HOT.F$RHM.F
Asia Markets

DAX Index Climbs; German Consumer Sentiment Set to Fall

Germany's blue-chip DAX index ended Friday's trading 1.36% in the green, balancing local consumer sentiment and business survey data against headwinds from new Chinese export controls, fresh US tariffs, and the sustained escalation of the Middle East conflict.German consumer sentiment is anticipated to slightly worsen in August, with the GfK consumer climate indicator ticking down to -29.6 points from the revised -29.3 points in July. Below the consensus estimate of -28.7 points, the reading reflects declining consumer income expectations alongside a persistent rise in willingness to save amid ongoing macroeconomic volatility.Meanwhile, business survey data compiled by S&P Global showed Germany's private sector returning to expansion territory in July, amid a "marked upturn" in manufacturing output and increased demand for goods and services. The S&P Global Flash Germany Composite PMI Output Index came in at a four-month high of 51.2, compared with the previous 49.5 and the expected 49.8."The German economy made a positive start to the third quarter, with the Composite PMI returning to growth territory after having [signaled] a three-month spell of contraction following the outbreak of war in the Middle East. However, given the escalating hostilities in the region in the past week or so, which have put renewed upward pressure on global energy prices, the path to a sustainable recovery still seems very much uncertain," S&P Global Market Intelligence Economics Associate Director Phil Smith said.In trade-related news, the European Union is among 60 countries hit by new US tariffs after a Section 301 investigation into allegations of failure to prohibit or ban imported goods made with "forced labor." The total duties for the bloc's goods will be capped at 10%, net of standard "most-favored" nation rates.Concurrently, trade headwinds emerged from the east, with China's Commerce Ministry adding Rheinmetall (RHM.F) and 13 other EU-based entities to its export control list over national security concerns. Effective immediately, the move blocks exporters and international third parties from supplying Chinese dual-use items to the blacklisted firms. The German arms maker was up 2.03% at closing.In other corporate updates, SAP (SAP.F) surged to the top spot on the blue-chip DAX, gaining 9.26%, after the German software company reported stronger half-year results, with total revenue rising to 19.43 billion euros from 18.04 billion euros a year earlier."Sentiment says apocalypse; the numbers say otherwise. SAP again delivers above-expectation cloud growth, proof its shift to the 'Autonomous Enterprise' and Business AI is landing. The share price trend stays negative, but the group is pivoting hard into AI via major M&A across Reltio, Dremio and Prior Labs, a bold bet that will weigh directly on margins," AlphaValue/Baader Europe wrote.

^DAX$RHM.F$SAP.F
Asia Markets

Germany's Blue-chip DAX Index Retreats as ECB Holds Rates

German shares fell on Thursday, with the blue-chip DAX index closing 1.56% lower, as investors assessed the European Central Bank's latest monetary policy decision alongside fresh corporate earnings and trading updates.In a widely expected move, the ECB kept its deposit facility rate at 2.25%, while maintaining the interest rates on the main refinancing operations and marginal lending facility at 2.40% and 2.65%, respectively. The central bank's Governing Council reiterated its data-dependent approach to rate decisions, noting continued uncertainty amid ongoing global trade disputes and geopolitical tensions."Through the rearview mirror, this decision clearly makes sense. Headline inflation has actually come down, there are very few signs of knock-on effects from higher energy prices, and the eurozone economy has shown some resilience to the current oil price shock. It's only survey-based inflation expectations that have gone up and will be a concern for the ECB. Looking ahead, however, the decision of whether to keep interest rates unchanged is not so straightforward," ING said.In other economic news, the euro area's consumer confidence index stood at -15.9 points in July, up from the revised -17.6 points in June, according to the European Commission's flash data. Analysts expected -17 points for the month.On the geopolitical front, market sentiment continues to be weighed down by a 12th consecutive night of US strikes on Iran, with US President Donald Trump threatening to destroy Iranian power plants and bridges if ships in the Strait of Hormuz are targeted and Tehran vowing retaliation in return. Concurrently, Iranian-aligned Houthis claimed attacks on two Saudi oil tankers in the Red Sea, putting further strain on crude markets.On the corporate side, Daimler Truck (DTG.F) was the top performer, climbing 3.93%, after upgrading its full-year 2026 outlook, including lifting its industrial business revenue guidance to between 43 billion euros and 47 billion euros from the previous target of 42 billion euros to 46 billion euros."Daimler Truck has issued an ad hoc announcement, raising its full-year guidance due to lower tariff costs and a stronger US truck market. We note that strong Class 8 order figures in June had already indicated a robust second half, and we welcome the US approval of Daimler's content application. As Daimler assembles approximately 70% of its trucks for North America in Mexico, higher US content significantly reduces Section 232 import tariffs for the company. Consequently, any potential miss on Q2 results will likely be overlooked, as investors will focus on the upgraded guidance for the current year and beyond," Deutsche Bank Research said.Meanwhile, Fresenius (FRE.F) launched a new 200 million-euro venture fund called Fresenius Ventures to deploy capital over the next five years into healthcare innovation. The fund will focus on areas such as precision nutrition, microbiome research, new modalities, and digital care provision. The therapy-focused healthcare company declined 1.65% at the end of the trading day.

^DAX$DTG.F$FRE.F
Asia Markets

German Stocks Rise Amid Corporate Earnings Buzz

German equities advanced on Wednesday, with the blue-chip DAX index rising 0.65%, as investors digested the latest batch of corporate earnings and trading updates alongside updates on the Middle East conflict.GEA Group (G1A.F) jumped 5.65% after raising its full-year 2026 guidance on a "very strong" second quarter and a "positive" outlook for the latter half of the year. The German systems and components supplier now forecasts organic revenue growth within the 6% to 8% range, versus previous projections of between 5% and 7%.Meanwhile, Airbus' (AIR.F) German stock became the top gainer on the index, climbing 6.92%, after unveiling its full-year 2029 financial targets and announcing the approval of its 5 billion-euro share repurchase program."Airbus (AIR-FR) hosted its 2026 Farnborough business update. The highlight of the update was the establishment of 2029 targets, calling for EUR12B - EUR13B in adj. EBIT, a ~1x [free cash flow] conversion ratio, and EUR5B share buyback program. Notably, the company provided a guide for its Airbus Commercial segment, anticipating ~EUR10B in adj. EBIT in FY29. We believe the outlook was more positive than investors' lowered expectations across several metrics (buybacks, EBIT ramp, long-term outlook), and should continue to support a re-rating on the shares," RBC Capital Markets wrote.On the geopolitical front, oil prices continue to trend upward as US Secretary of State Marco Rubio said at an Association of Southeast Asian Nations meeting in Manila, Philippines, that the US remains "open and willing" to negotiate with Iran but accused Tehran of not being "serious" about talks to end the war. The comments coincide with the widening conflict once again raising global supply risks, including the threats from Yemen's Houthis militia forcing Saudi oil reroutes away from the Red Sea and reciprocal attacks by the US and Iran spreading across neighboring Gulf states."So with no agreements in the pipeline, investors moved to price in a more sustained supply shock. For instance, the front-end Brent future was up +2.01% to $91.01 [per barrel] by yesterday's close, whilst the 6-month Brent future (+0.32%) also hit a 1-month high of $81.26/bbl. And that's continued this morning, with Brent crude up another +1.24% to $92.14/bbl," Deutsche Bank Research said.In trade news, a recent ifo Institute survey found that US tariff policy is "increasingly impacting" Germany's industrial companies and weighing on their investment decisions. Over 60% of surveyed firms reported negative impacts from the levies, with the automotive sector hit the hardest at 74%, a 14% jump from last year, as the sector faces higher tariffs and declining exports to the US.

^DAX$AIR.F$G1A.F
Asia Markets

DAX Index Blinks Green; German Economic Sentiment Improves

German shares climbed on Tuesday, with the blue-chip DAX index ending the trading session 0.59% in the green, as the market assessed the latest local economic sentiment survey against escalating tensions in the Middle East and reports of potential new tariffs.The ZEW economic sentiment indicator for Germany jumped to 26.3 points in July from June's 10.5 points, beating the consensus forecast of 15.1 points. The current situation index also improved by 3.4 points to -77.6 points, against the expected -77.8 points."The economic outlook continues to improve in July; it seems that the reforms are having an effect. Especially the export-oriented sectors as well as domestic demand experience sustained growth. Nevertheless, the uncertainty associated with the developments in the Iran conflict and the oil price remain a crucial factor affecting the prospects for a recovery of the German economy," ZEW President Achim Wambach said.Speaking of the war, Reuters reported, citing emails seen by the newswire, that Yemen's Iran-backed Houthi militia informed shipping companies that handling cargo at Saudi Arabian ports risks being targeted "in any location." The Houthis on Monday declared a naval blockade against the kingdom, further threatening global supply chains and energy trade as the US-Iran conflict broadens."The escalation in hostilities affecting the Strait of Hormuz and energy infrastructure in the region increases security of supply concerns and uncertainty over the market outlook. Threats to the Bab el-Mandeb Strait, which has become increasingly important as a route to bypass the Strait of Hormuz, exacerbate these concerns further," International Energy Agency Executive Director Fatih Birol said in a statement.In trade news, US officials are said to have drafted plans for President Donald Trump to roll out new tariffs on dozens of nations as the current 10% global rate is set to expire on Friday, London's Financial Times reported, citing sources briefed on the plans.On the corporate side, Zalando (ZAL.F) fell 0.42% after Germany's Federal Financial Supervisory Authority, or BaFin, concluded its review of the online fashion retailer's full-year 2025 financial statements, finding only "materially insignificant" omitted disclosure regarding its purchase of About You shares. Zalando said the investigation has zero impact on its financial performance and incurred no fines, except for "immaterial" procedural expenses.Outside the blue-chip index, BaFin launched an investigation into Jungheinrich's (JUN3.F) 2025 interim results over concerns that short-term rental trucks and inventories were overvalued. The intralogistics company noted its earnings for 2025 and 2026 are unaffected by the probe. Jungheinrich gained 0.48% on Xetra.

^DAX$JUN3.F$ZAL.F
Asia Markets

Blue-chip DAX Closes Flat; German Producer Prices Ease

German equities kicked off a new trading week little changed, with the blue-chip DAX index up 0.06% on Monday's close, as investors digested the latest industrial production data from the eurozone's largest economy.Destatis reported that Germany's producer prices rose 1.8% annually in June, cooling from 2.2% growth in May. The German Federal Statistical Office attributed the year-on-year increase to higher intermediate goods prices alongside an uptick in energy costs. Month-on-month, producer prices were 0.3% lower, against the expected 0.2% decline.On the geopolitical front, the US and Iran have reestablished backchannel diplomatic efforts following a weekend of military attacks. Iranian Foreign Ministry spokesperson Esmaeil Baghaei confirmed with the media that Washington used intermediaries to restart talks. The diplomatic pivot comes after a series of US airstrikes in response to the deaths of three of its service members in Jordan and Iraq, alongside Iranian attacks targeting critical infrastructure in the Gulf.In corporate news, BASF (BAS.F) confirmed tothat it approached several banks regarding the planned initial public offering and Frankfurt listing of its Agricultural Solutions business. A spokesperson said the company is targeting mid-2027 for capital market readiness, though the exact listing timeline depends on market conditions. The German chemicals company lost 0.98% at the end of the session.Meanwhile, mwb Research upgraded its rating for Infineon Technologies (IFX.F) after a recent "sharp" share price pullback."Following the share-price correction, we believe the previous valuation asymmetry has largely closed. Infineon's strong positioning in AI power and the improving cyclical backdrop in core markets [are] now more appropriately balanced against the fundamentals and expectations. Therefore, we upgrade our recommendation to HOLD from SELL, while maintaining our EUR 60.00 price target, implying roughly 18.5x 2027E EV/EBIT," the research firm wrote. The German chipmaker was up 0.53%.In other news, Andy Burnham became the UK's newest prime minister after Keir Starmer formally stepped down from the post. Burnham is the country's 59th prime minister and its fifth in the past four years.

^DAX$BAS.F$IFX.F

Showing 21-40 of 114

Track with the FINWIRES app suite

FolioX
FolioX
Track DAX Index in your portfolio
WheelAI
WheelAI
Analyze DAX Index options with the wheel strategy
StockInsider
StockInsider
See market sentiment on DAX Index