German stocks edged higher on Monday as investors monitored developments in the Iran conflict and its impact on energy markets.
The DAX index rose 0.4 percent to 24,231 points in early trading, according to broker IG, reversing a 0.1 percent decline on Friday that left the index at 24,128.98 points. Weekly losses amounted to 2.3 percent.
Oil prices increased over the weekend, with Brent crude trading at approximately $107 per barrel and West Texas Intermediate at around $95 per barrel. Bitcoin continued its recovery, trading at $78,898.
Gold reached $4,727 per troy ounce, while silver traded at $76.50 per troy ounce.
Market attention focused on quarterly earnings reports, with Südzucker, Nordex, and Deutsche Börse releasing results on Monday. Alphabet, Amazon, Meta, Microsoft, and Apple are scheduled to report later in the week.
Among DAX constituents, SAP, Siemens Energy, Infineon, Deutsche Börse, and Daimler Truck showed the strongest performance on Friday, while Rheinmetall, Bayer, and E.ON underperformed.
Analyst actions included Barclays maintaining its „Overweight“ rating on TUI while lowering the price target from €10.50 to €9.00. Deutsche Bank downgraded Thyssenkrupp Nucera from „Buy“ to „Hold“ and reduced its price target from €11.00 to €10.00.
Goldman Sachs upgraded Ørsted from „Neutral“ to „Buy,“ raising the price target from 150 to 185 Danish kroner. Berenberg upgraded Sartorius from „Hold“ to „Buy,“ increasing the price target from €215 to €250.
Asian markets opened higher, with Japan’s Nikkei 225 gaining 2.0 percent, China’s CSI 300 rising 0.2 percent, and Hong Kong’s Hang Seng increasing 0.2 percent.
U.S. Markets showed mixed results on Friday, with the Dow Jones falling 0.2 percent to 49,230.71, the S&P 500 rising 0.8 percent to 7,165.08, and the Nasdaq 100 advancing 2.0 percent to 27,303.67.
What is driving the market focus on energy and tech stocks?
Investors are watching the Iran situation closely due to its potential impact on global oil supplies, particularly through the Strait of Hormuz, which remains a critical chokepoint for energy shipments.
Why are specific companies like Nordex and Siemens Energy in focus?
Nordex and Siemens Energy are exposed to energy transition trends and commodity price swings, making them sensitive to shifts in oil markets and geopolitical risk premiums.
