The DAX 40 experienced a slight decline, influenced by corporate earnings reports and anticipation surrounding the European Central Bank’s policy announcement. Defense stocks were notably weak, while tech stocks offered some support to the index. Investors were closely watching President Lagarde’s upcoming remarks for further insights.
- DAX 40 edged down 0.5% to below 24,500.
- The index was dragged lower by defense stocks due to ongoing Ukraine peace negotiations and easing US-Iran tensions.
- Rheinmetall dropped more than 5% due to weak preliminary forecasts for 2026.
- Renk and Hensoldt lost up to 3%.
- Hannover Re fell more than 1% despite a record profit of €3.5 billion in 2025.
- Siemens Healthineers lost 1% after reporting mixed performance for the first quarter of fiscal year 2026.
- SAP, Siemens, and Infineon Technologies rose 3.3%, 1.8%, and 0.8%, respectively.
The observed market movement suggests a cautious investor sentiment, with sectoral performance varying considerably. Factors such as geopolitical developments and company-specific financial results have a significant impact. The ECB’s forthcoming communication holds potential to shift market perception, making it a key event to monitor.