The DAX 40 increased by 0.7%, exceeding 26,480 on Friday, achieving new record highs and outperforming its European counterparts. Robust corporate earnings and a reduction in inflation worries have bolstered market sentiment, even amid persistent uncertainty in the Middle East. Efforts to resolve the US-Iran conflict have remained stagnant in the face of ongoing attacks, as Washington has signalled its intention to impose unprecedented economic measures against Tehran in the coming week.
Among individual stocks, heavyweight SAP experienced a notable increase of 4.8%, positioning it as the leading performer. Other notable gainers comprised Rheinmetall at 4.1%, Scout24 at 3.3%, Hannover Ruck at 1.9%, and MTU Aero Engines at 1.7%.
On the downside, E.ON experienced a decline of 3%, followed by Hochtief at 2%, RWE at 1.9%, Deutsche Post at 1.5%, and Infineon Technologies at 0.8%, marking the most significant decreases. For the week, the index was projected to increase approximately 0.6%.