DAX Holds Above 25,400 as Oil Surge Clouds German Stocks

DAX Futures Updates

German stocks exhibited a varied performance in subdued trading on Monday morning, as apprehensions regarding U.S.-Iran tensions, elevated oil prices, and rising bond yields dampened market sentiment. Oil prices experienced a significant increase due to heightened worries regarding energy supply. This surge followed U.S. President Donald Trump’s dismissal of Iran’s recent offer to reopen the Strait of Hormuz, coupled with indications of potential military actions post-midterm elections. After publicly dismissing Iran’s recent proposal to reopen the Strait of Hormuz and other requests concerning naval blockades and the relaxation of economic sanctions, Trump allegedly informed aides that he anticipates a resumption of U.S. bombing following the midterm elections.

Iran’s Foreign Minister Abbas Araghchi conveyed optimism regarding a diplomatic resolution, yet cautioned that the nation stands ready for the possibility of renewed conflict with the United States. Brent crude futures for the front-month contract experienced a notable increase, reaching $108.28 before retracting slightly to $107.91, representing a 3.7% rise from the prior close. The benchmark DAX, which advanced to 25,509.85, experienced a decline to a low of 25,369.42 before marginally rising above the flat line. The index recorded an increase of 28.28 points, reflecting a rise of 0.11%, reaching a level of 25,424.50 at noon.

  • Siemens Healthineers experienced an increase of 3.5%. Fresenius and Fresenius Medical Care experienced increases of 1.85% and 1.5%, respectively.
  • Merck experienced an increase of 1.3%, while Henkel saw a rise of 1.2%.
  • Bayer, Heidelberg Materials, Scout24, Beiersdorf, RWE, Symrise, E.ON, Deutsche Boerse, Qiagen, and Daimler Truck Holding experienced gains ranging from 0.5% to 1%.
  • Shares of sugar producer SuedZucker experienced a significant increase of nearly 8% following the company’s upward revision of its revenue and operating core earnings projections for the 2026/27 financial year, attributing this positive outlook to the growing demand for biofuels.
  • BASF declined by 1.1%. Zalando, SAP, Hochtief, Siemens Energy, Infineon Technologies, Deutsche Bank, Volkswagen, BME, Brenntag, and Siemens experienced losses ranging from 0.5% to 1%.