DAX Edges Up as Investors Digest Earnings

DAX Futures Up

In the face of inflationary pressures and the persistent conflict in the Middle East, the German stock market demonstrated a significant upward movement on Wednesday. Investors appeared to concentrate on earnings reports and regional economic indicators. Market participants are also anticipating the forthcoming meeting in Beijing between U.S. President Donald Trump and Chinese President Xi Jinping.

The benchmark DAX, having reached a peak of 24,224.61 earlier in the session, was up 139.04 points or 0.58% at 24,113.71 just before noon.

  • Merck experienced an increase of 8.5%, while Infineon saw a rise of 6.1%.
  • E.ON experienced an increase of 3.4%. The utility giant’s shares experienced an upward movement, supported by the announcement of a planned acquisition of U.K. energy supplier OVO.
  • Allianz’s shares experienced an increase of nearly 2%, buoyed by a record profit in the first quarter, attributed to the sale of stakes in joint ventures in India.
  • Deutsche Telekom, the largest telecommunications provider in Europe, experienced a 1.5% increase following an upward revision of its full-year guidance.
  • Rheinmetall experienced a decline of approximately 3.1%.
  • Porsche Automobil Holding, Fresenius, Heidelberg Materials, Qiagen, Fresenius Medical Care, MTU Aero Engines, Beiersdorf and SAP lost 1%-2%.
  • RWE reported first-quarter earnings of EUR20 million, translating to EUR0.03 per share, a decline from EUR791 million, or EUR1.07 per share, in the previous year. The equity experienced a slight decline.

Brenntag experienced a decline of 1.6% following the announcement of its first-quarter net profit, which amounted to Euro 98 million, a decrease from Euro 135 million in the same quarter of the previous year. Earnings per share declined to Euro 0.68, down from Euro 0.93 in the previous year.

In economic news, data indicated that German wholesale prices rose by 6.3% year-over-year in April, following a 4.1% increase in March, as the U.S.-Iran tensions elevated energy and raw material prices. The most recent inflation figures represent the peak level observed since February 2023. Eurostat has confirmed that the Eurozone economy experienced a growth of 0.1% in the first quarter of 2026 relative to the preceding quarter.