The German stock index (DAX) closed up 0.8 percent at 26,202 points, marking a record high. During the trading session, the index reached an intraday peak of 26,266 points.
Mixed perspectives exist regarding the drivers behind the surge. Some attribute the record to hopes for a diplomatic solution in the Middle East, while others point to recent corporate earnings and expectations of improved international business. Jochen Stanzl, chief market analyst at Consorbank, stated that the new DAX highs are driven by expectations of better international business rather than hopes for economic improvement in Germany.
Geopolitics remain a central factor for investors. US Treasury Secretary Scott Bessent told CNBC that an agreement with Iran to reopen the Strait of Hormuz could be reached as early as Tuesday or Wednesday. A spokesperson for the Qatari Foreign Ministry stated that diplomatic efforts to resolve the Middle East conflict are continuing.
Timo Emden, a market analyst at CapTrader, noted that the combination of geopolitics, monetary policy, and corporate figures provides the necessary coordinates for investor navigation. Emden described the jump over the 26,000-point mark as a 'can opener' for the DAX, though he warned that the recent record streak should not mask significant risks stemming from the ongoing Iran conflict.
Corporate earnings and energy trends
As companies such as Zalando and Bayer present quarterly reports, results have been varied. German online retailer Zalando reported lower revenue and earnings than expected for the second quarter, closing at the bottom of the DAX.
In contrast, the German pharmaceutical and agricultural company Bayer exceeded second-quarter expectations due to strong agricultural business and cost reductions. Sales figures for new medications in Bayer's pharmaceutical division continued to increase significantly. This follows a June ruling by the US Supreme Court that Bayer cannot be sued for lacking cancer warnings on packaging for glyphosate-based weedkillers.
Lufthansa, an MDAX-listed company, reported that its second-quarter profit fell 88 percent to 123 million euros, citing high kerosene prices. Meanwhile, Brent crude and US light crude (WTI) prices fell to their lowest level in three weeks. Energy price developments are considered a primary driver of inflation in industrialized nations.
Despite the celebratory mood, vigilance is required.
— Frank Sohlleder, analyst at ActivTrades
26,202 points
DAX closing value marking a record high
Updates
While diplomatic hopes persist, the US, Iran, and Oman are reportedly nearing a temporary agreement to open the Strait of Hormuz without tolls, with an official announcement expected Wednesday. However, disagreement remains over the nature of these talks, as Iran has rejected claims of US negotiations, stating discussions are only being held with Oman regarding the shipping route. Meanwhile, initial calculations now project the DAX could rise further to levels above 26,400 points.
Global markets are trending upward as the Dow Jones rose 1.7% to 54,085 points, the S&P 500 hit a record high of 7,736 points, and the Nasdaq 100 climbed 3.3% to 29,733 points. Meanwhile, reports from Axios indicate that the US, Iran, and Oman are nearing a temporary agreement to open the Strait of Hormuz without tolls, though Iran has rejected claims of direct talks with the US, stating discussions are only ongoing with Oman. Additionally, initial calculations now project the DAX could reach levels above 26,400 points.
While diplomatic hopes persist, Axios reports that the US, Iran, and Oman are nearing a temporary agreement to open the Strait of Hormuz without tolls, though Iran has rejected claims of talks with the US, stating discussions are currently limited to Oman. Concurrently, global markets are seeing significant gains, with the S&P 500 reaching a record high and SpaceX reporting a reduced net loss of 541 million dollars for the April-June period compared to a one billion dollar loss last year. Additionally, DAX-listed Fresenius has raised its earnings forecast, while analysts suggest the index could see further climbs toward 26,400 points.
Global markets are seeing broader gains as the S&P 500 reaches a record high, the Nasdaq 100 rises by 3.3 percent, and the Nikkei and Kospi indices also climb. While Donald Trump claims talks are underway to end the war with Iran, Tehran maintains that discussions are currently limited to Oman regarding the Strait of Hormuz, where a potential agreement to allow toll-free shipping is reportedly being prepared for a Wednesday announcement. Meanwhile, SpaceX reported a net loss of 541 million dollars for the April-June period, a significant improvement from the one billion dollar loss recorded in the same period last year.
While the DAX hit a record high, experts predict it could reach levels above 26,400 points, representing a 0.9 percent gain. Meanwhile, reports from Axios suggest the US, Iran, and Oman are nearing a temporary agreement to open the Strait of Hormuz shipping route without tolls, though Iran has countered that ongoing talks are only with Oman regarding the Strait's administration. Additionally, SpaceX reported a net loss of 541 million dollars for the April-June period, an improvement from the approximately one billion dollar loss recorded in the same period last year.
While the DAX reaches record highs, US and Asian indices such as the Dow Jones, S&P 500, Nasdaq 100, Nikkei, and Kospi also recorded significant gains. Amid reports that the US, Iran, and Oman are nearing a temporary agreement to open the Strait of Hormuz without tolls, market experts suggest this could lower energy prices and inflation, though some warn of potential short-term profit-taking due to overbought levels. Additionally, SpaceX reported a narrowed net loss of 541 million dollars for the April-June period compared to a one billion dollar loss in the same period last year.
While the DAX's record high is being bolstered by preliminary calculations suggesting it could reach levels above 26,400 points, diplomatic tensions remain as Iran rejects claims of US talks, asserting that ongoing negotiations with Oman only concern the management of the Strait of Hormuz. Additionally, Axios reports that the US, Iran, and Oman are nearing a temporary agreement to open the Strait of Hormuz without tolls, a development that market experts suggest could lower energy prices and dampen inflation. Meanwhile, SpaceX reported a net loss of 541 million dollars for the April-June period, an improvement from the approximately one billion dollar loss recorded during the same period the
The German DAX reached a new record high of 26,403.81 points during early trading on Wednesday, though it ultimately closed unchanged at 26,126 points following profit-taking. Within the index, Fresenius shares rose by 5.3 percent to reach their highest level since March, while Siemens Energy rose by 1.2 percent after exceeding third-quarter expectations. Conversely, Infineon shares fell by 3.8 percent and DHL Group shares dropped by 1.9 percent.
The German DAX recorded a new record high of 26,403.81 points in early trading on Wednesday before momentum stalled at approximately 26,400 points. Following profit-taking, the index ultimately closed unchanged at 26,126 points by the end of the trading day. Meanwhile, Fresenius shares rose 5.3 percent to reach their highest level since March, and Siemens Energy shares climbed 1.2 percent after exceeding third-quarter expectations.
The German DAX recorded a new record high of 26,403.81 points in early trading on Wednesday, though it eventually closed unchanged at 26,126 points following profit-taking. Within the index, Fresenius shares rose by 5.3 percent to reach their highest level since March, while Siemens Energy saw a 1.2 percent increase. Conversely, Infineon shares fell by 3.8 percent to become the DAX's biggest loser, and DHL Group shares declined by 1.9 percent.
The German DAX hit a new record high of 26,403.81 points during early Wednesday trading, though it eventually closed unchanged at 26,126 points following profit-taking. Within the index, Fresenius shares rose 5.3 percent to reach their highest level since March, while Siemens Energy shares climbed 1.2 percent after exceeding third-quarter expectations. Conversely, Infineon shares fell 3.8 percent, and DHL Group shares dropped 1.9 percent despite an increased share buyback program.
The German DAX reached a new record high of 26,403.81 points during early Wednesday trading, though it later stalled and closed unchanged at 26,126 points following profit-taking. Amidst this volatility, Fresenius shares rose 5.3 percent to top the index, Siemens Energy climbed 1.2 percent after exceeding third-quarter expectations, and Infineon shares fell 3.8 percent despite reporting record revenue. Additionally, reports suggest the US, Iran, and Oman are nearing a temporary agreement to open the Strait of Hormuz without tolls or fees.
The German DAX reached a new record high of 26,403.81 points during early trading on Wednesday, though it later stalled and closed unchanged at 26,126 points following profit-taking. Within the index, Fresenius shares rose by 5.3 percent to reach their highest level since March, while Siemens Energy saw a 1.2 percent increase. In contrast, Infineon shares fell by 3.8 percent and DHL Group shares dropped by 1.9 percent.
Following the previous day's record high of 26,202 points, the German DAX reached a new peak of 26,403.81 in early trading on Wednesday before closing unchanged at 26,126 after profit-taking; Fresenius shares rose 5.3% to top the index on strong earnings, while Infineon fell nearly 6% despite record revenue due to profitability concerns, and Siemens Energy and DHL saw mixed results amid broader global market gains, including record closes for the S&P 500 and Nasdaq 100, and renewed but disputed talks between the US, Iran, and Oman over the Strait of Hormuz.
Following the previous day's record high of 26,202 points, the German DAX reached a new intraday peak of 26,403.81 points on Wednesday before closing unchanged at 26,126, as profit-taking offset gains; Fresenius shares surged 5.3% to lead the index after raising its earnings forecast, while Infineon tumbled nearly 6% despite record revenue due to profitability concerns, and Siemens Energy and DHL Group saw mixed results amid broader market momentum driven by falling oil prices below $80 and optimism over potential U.S.-Iran-Oman talks to open the Strait of Hormuz — a development Iran denies, despite U.S. media reports.
After closing unchanged at 26,126 points on Wednesday, the DAX opened Thursday trading at 26,216 points, but ultimately slipped back as profit-taking weighed on key components: Infineon shares fell 3.8% despite record AI-driven revenue, while Siemens Energy rose 1.2% and Fresenius climbed 5.3% to lead the index; Deutsche Telekom surged to top the DAX after raising its cash flow outlook, and Renk and Hensoldt jumped on strong defense orders, while SpaceX’s disappointing quarterly loss triggered a double-digit stock plunge in the U.S., contributing to Nasdaq 100 losses.
After closing unchanged at 26,126 points on Wednesday, the DAX traded around 26,200 points on Thursday, with broker IG valuing it 0.3% higher at 26,216 before trading; meanwhile, Infineon shares fell 3.8% despite record revenue, dragging the index as the biggest loser, while Siemens Energy rose 1.2% and Fresenius jumped 5.3% to lead the DAX, and Deutsche Telekom topped the index after raising its cash flow outlook, though SpaceX’s quarterly loss of $541 million—following a $1 billion loss a year earlier—sparked a double-digit stock plunge that weighed on global tech sentiment.
Following the previous day's record high of 26,403.81 points, the DAX closed unchanged at 26,126 on Wednesday, with profit-taking offsetting earlier gains; Thursday's trading opened slightly higher at 26,216, but key DAX constituents like Infineon and Vonovia fell amid mixed earnings—Infineon’s record revenue was overshadowed by profitability concerns, while Fresenius and Siemens Energy rose sharply, with Siemens Energy now weighing nearly 7% in the index and Siemens itself at nearly 12%, making it the DAX’s largest component; SpaceX’s post-IPO earnings miss triggered a double-digit stock plunge, while U.S. indices saw mixed closes, with the Dow hitting a new high of 54,349 but the Nasdaq 10
After closing unchanged at 26,126 points on Wednesday, the German DAX opened Thursday trading around 26,216 points, but ultimately fell back as profit-taking intensified; Infineon shares dropped 3.8% despite record AI-driven revenue, while Siemens Energy and Fresenius rose, with Fresenius topping the index, and Deutsche Telekom surged to lead the DAX after raising its cash flow forecast — meanwhile, SpaceX’s debut earnings report revealed a $541 million loss, triggering a double-digit stock plunge that dragged down the Nasdaq 100.
After closing unchanged at 26,126 points on Wednesday, the DAX opened Thursday trading at 26,216 points but ultimately fell back, with Deutsche Telekom rising to top the index after raising its cash flow outlook, while Infineon and Scout24 led losses amid profit-taking and missed earnings; SpaceX’s debut quarterly loss of $541 million triggered a double-digit stock plunge, and U.S. markets saw mixed results as the Dow hit a new high of 54,349 points while the Nasdaq 100 slipped to 29,487.
