A day after reaching a two-month low, Germany’s equity benchmark DAX experienced a robust rebound on Friday, as stocks strengthened, supported by remarks from U.S. President Donald Trump indicating that the U.S. will refrain from attacking Iran prior to the midterm elections next month. He also stated that discussions with Tehran “remain productive.
Bond yields experienced a slight decline, while oil prices also decreased, further enhancing the optimistic sentiment prevailing in the market. Brent crude front-month futures declined to $102.33 a barrel before rebounding to $103.23, reflecting a decrease of nearly 1% from the prior close. The yield on Germany’s 10-year Government Bond decreased to 3.428% before rebounding to 3.484%.
The DAX increased by 281.35 points, reflecting a rise of 1.13%, reaching 25,088.32 shortly after noon, having previously peaked at 25,134.39 earlier in the session.
- Zalando experienced a notable increase of 4.7%. SAP experienced an increase of 4.3%, and Heidelberg Materials saw a rise of 3.4%. Meanwhile, Fresenius Medical Care, Siemens, Gea Group, Adidas, and Fresenius all recorded gains ranging from 2% to 2.7%.
- Sportscar maker Porsche experienced a rally of 1.5%, even as it disclosed a 16% decline in global vehicle deliveries during the first nine months of 2026.
- Merck, Deutsche Boerse, Symrise, Deutsche Bank, Siemens Energy, Henkel, Bayer, Siemens Healthineers, Infineon Technologies, BME, Beiersdorf, Brenntag, Commerzbank, Deutsche Post, Allianz, Vonovia, Munich RE, Daimler Truck Holding, Continental, RWE, and Qiagen experienced an increase of 1% to 2%.
