03.02.202612:08:17UTC+00DAX Pares Gains

On Tuesday, the DAX 40 index in Frankfurt initially rose by more than 1% but later moderated to trade just above 24,850, remaining near its one-week high. This stabilization was attributed to a calmer mood in the commodity markets, with investor attention now turning to corporate earnings in the US and Europe. Notably, cyclical stocks led the gains; Daimler Truck advanced by 3.5% and Siemens Energy by 2.9%. Other significant performers included Deutsche Post at 2.2%, Rheinmetall rising by 2.1%, along with Deutsche Bank and Commerzbank both up by 1.6%. Conversely, Zalando experienced a sharp decline, dropping over 9%, following analysts' alerts about increased competition from global social media platforms. Additionally, despite Merck exceeding expectations with its fourth-quarter earnings, the pharmaceutical company's stock fell by 3.1% after releasing a less favorable forecast for 2026 profit and sales.