DAX Advances For 2nd Day

The DAX 40 edged up 0.3% toward 25,200 on Friday, marking the second session of gains, mirroring cautious movements across European markets. Expectations that negotiations between the US and Iran would continue despite the recent exchange of fire continued to support investor sentiment. According to some sources, the White House is preparing for a “prolonged but controlled escalation” with Tehran rather than a full-scale conflict. Meanwhile, the tech sector came under renewed pressure, with traders focused on the highly anticipated US market debut of South Korean chipmaker SK Hynix. Telecommunication companies stood out, with Deutsche Telekom rising 2.9% after receiving a “buy” rating from JP Morgan. Bayer gained 2.6% after agreeing to sell a minority stake in its contraceptives business to Apollo Global Management for €3 billion. Conversely, chipmaker Infineon Technologies (-2.7%) and AI-related Siemens Energy (-1.6%) lagged. For the week, the index was poised to decline over 2%.

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