DAX Soars on Earnings and U.S.-Iran Peace Talk

Dax Futures Live

The German stock market experienced a notable increase on Wednesday, driven by optimism regarding the potential for a peace agreement between the U.S. and Iran. This sentiment was bolstered by U.S. President Donald Trump’s declaration of a temporary halt to ‘Project Freedom’ to facilitate renewed negotiations with Iran. Investors processed a series of earnings reports from prominent German firms.

The benchmark DAX increased by 648.30 points, reflecting a rise of 2.65%, reaching a level of 25,040.57 recently. Continental experienced an increase of nearly 6% following the announcement that the company’s net income reached EUR200 million, equating to EUR1.00 per share. This stands in contrast to EUR68 million, or EUR0.34 per share, from the previous year.

  • BMW experienced a 5.8% increase following its outperformance against earnings expectations, even as it disclosed a 25% drop in pre-tax profit.
  • MTU Aero Engines experienced an increase of 4.2%. Fresenius Medical Care experienced an increase of 3.6%.
  • Volkswagen experienced an increase of 3.4%, whereas Mercedes-Benz and Porsche Automobil Holding saw rises of 2.9% and 2.7%, respectively.
  • Siemens Healthineers, Commerzbank, Merck, Deutsche Bank, and Allianz experienced increases ranging from 2% to 2.7%.
  • Heidelberg Materials experienced a 2.5% increase, notwithstanding a decline in earnings. Result from current operations before depreciation and amortisation, or RCOBD, experienced a decline of 13%, falling to 484 million euros from 557 million euros in the previous year. The RCOBD margin registered at 10.7%, a decline from the prior year’s figure of 11.8%.
  • HelloFresh experienced an increase of 8%. The company disclosed an adjusted EBITDA of roughly 24 million euros for the first quarter, a decline from 58 million euros reported in the same period last year.
  • Infineon Technologies experienced a decline of approximately 2.1%. For the three-month period ending March 31, Infineon reported a net income of EUR 301 million, translating to EUR 0.23 per share, in contrast to EUR 232 million, or EUR 0.17 per share, during the corresponding period of the previous year.
  • Zalando, Fresenius, and Deutsche Boerse are experiencing a notable decline.

In economic news, the S&P Global Germany Composite PMI was revised slightly higher to 48.4 in April 2026 from a preliminary estimate of 48.3, down from 51.9 in March, signalling a contraction in private sector activity for the first time since May 2025. The Services PMI reading experienced its most significant contraction in almost three and a half years, registering at 46.9 in April, a decline from 50.9 in March. Meanwhile, manufacturing persisted in its expansion, though at a decelerated rate (51.4 compared to 52.2).