DAX Rises Almost 1% as Tech Stocks Surge

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Despite ongoing uncertainty regarding the prospects of a peace agreement between Iran and the United States, German stocks experienced an upward movement on Tuesday, buoyed by declining oil prices and a positive outlook surrounding investments in artificial intelligence. U.S. President Donald Trump’s statements affirming the continuation of U.S.-Iran discussions and his influence in encouraging Israel and Hezbollah to reduce hostilities seemed to bolster sentiment to a degree.

Meanwhile, a committee within the European Parliament has sanctioned the elimination of the majority of EU tariffs on U.S. products, in accordance with last year’s trade agreement and to avert a potential increase in tariffs. Brent crude futures experienced a decline this morning, falling to $92.85 a barrel, which represents a loss exceeding 2%. The German benchmark index DAX increased by 245.31 points, reflecting a rise of 0.98%, reaching a level of 25,239.44, nearly half an hour prior to noon.

  • Infineon Technologies experienced a notable increase of 5.7%, while SAP saw a rise of 2.3%.
  • Scout24 experienced a rally of 5.4%, while Zalando saw an increase of approximately 4%.
  • Deutsche Post experienced an increase of 3.4%.
  • Siemens, Deutsche Bank, MTU Aero Engines, Adidas, Continental, Daimler Truck Holding, Qiagen, Commerzbank, and Deutsche Telekom saw gains ranging from 1% to 2%.
  • Bayer dropped by about 4.9%.
  • Rheinmetall experienced a decline of nearly 2%, whereas Fresenius Medical Care, Mercedes-Benz, Heidelberg Materials, and BASF saw losses ranging from 0.4% to 0.7%.

Data indicated that consumer price inflation in the Eurozone increased to 3.2% in May, rising from 3.0% in April and aligning with market expectations, as per preliminary data. The reading, which is the highest since September 2023, is significantly above the European Central Bank’s 2.0% target. Among the principal economies of the Eurozone, inflation has shown an uptick in Spain, rising to 3.6%. The Netherlands experienced an increase to 3.4%, up from 2.5% the previous month. Italy’s inflation climbed to 3.3%, a rise from 2.8%, while France saw an increase to 2.8%, up from 2.5%. In Germany, inflation has decelerated to 2.7%, down from the previous rate of 2.9%.