Germany’s DAX 40 rose 0.3% to 25,920 points on Monday, as markets regained some poise after last week’s declines, which had been driven by fears that a Democratic sweep in the US midterm elections could usher in tighter AI regulation. Risk sentiment improved in tandem with lower oil prices after US President Donald Trump played down the likelihood of additional strikes on Iran, while investors also digested a fresh round of corporate news.
Among individual stocks, SAP climbed nearly 2% after JPMorgan upgraded the share to “Overweight,” and Commerzbank added more than 3% after UniCredit raised its profit target ahead of its planned takeover of the German lender. On the downside, Hochtief slumped 6% after ACS rejected market speculation about a possible takeover, while Nvidia dropped 6% in Frankfurt amid reports of an investigation into an alleged foreign intelligence plot targeting CEO Jensen Huang. Rheinmetall edged 0.1% lower, extending the pressure that followed last week’s steep losses after another profit warning.
