Lebanon-Israel Ceasefire Lifts DAX Nearly 0.5%

Dax Futures Live

The German stock market’s benchmark index experienced an upward movement Thursday morning, coinciding with a significant decline in oil prices after Israel and Lebanon reached an agreement to renew their ceasefire. However, concerns regarding private credit markets, tariff threats, and apprehensions about inflation and interest rates constrained the market’s potential for growth. The benchmark DAX was up 117.51 points or 0.47% at 24,929.14 about a quarter before noon.

  • SAP experienced an increase of 4.3%, whereas Scout24 and Fresenius Medical Care saw rises of 3.5% and 2.5%, respectively.
  • Vonovia, Zalando, Siemens Healthineers, Deutsche Bank, Heidelberg Materials, Fresenius, Merck, MTU Aero Engines, Qiagen, Deutsche Boerse, Commerzbank, Bayer, Deutsche Telekom, and Hannover Re experienced increases ranging from 1% to 2%.
  • Infineon Technologies experienced a decline of nearly 5%.
  • Siemens Energy experienced a decline of approximately 2.5%.
  • RWE, Rheinmetall, and Siemens experienced declines of 1.7%, 1.4%, and 1.1%, respectively.
  • Continental, Daimler Truck Holding, Porsche Automobil Holding, and Deutsche Post experienced slight declines.

Data indicated that Germany’s construction sector experienced a significant contraction in May, with companies reporting a persistent decline in activity coupled with escalating input costs. The construction Purchasing Managers’ Index recorded a value of 42.4 in May, an increase from April’s 13-month low of 42.1. The S&P Global Eurozone Construction PMI increased to 43.7 in May 2026, up from 41.7 in April, a month during which the sector experienced its most significant contraction since August 2024.

Data from Eurostat indicated that retail sales in the Eurozone experienced a greater-than-anticipated decline in April, decreasing by 0.4%. This downturn was attributed to reductions in both non-food and auto fuel sales. Retail sales increased by 0.8% in March, while a decline of 0.3% was anticipated for April. On a yearly basis, retail sales growth moderated to 1% from 2.1% in March. Retail sales in the EU27 experienced a decline of 0.5% in April compared to the preceding month, while reflecting an increase of 0.9% year-over-year.