German DAX climbs above 25,400 on US‑Iran ceasefire, falling oil and strong SAP results
The German DAX index rose sharply on Monday, ending the session around 25,400 points – up roughly 1.2 % to 1.4 % – as investors reacted to a pause in the United States’ attacks on Iran. The cease‑fire lifted sentiment and helped pull Brent crude down by about 6 % to just under $90 a barrel, easing inflation concerns.
SAP SE lifted the market further, with its shares jumping about 9 % to €140.80 after the software giant reported a 27 % rise in its current cloud backlog to €22.9 billion for Q2 2026 and a 9 % revenue increase. The company also trimmed its 2026 non‑IFRS operating‑profit guidance to €11.8‑12.2 billion.
Other German benchmarks followed the rally: the MDAX gained about 1.2 % to 32,350 points and the Euro Stoxx 50 rose roughly 1.1 %. Analysts said the market’s upward move hinges on the durability of the weapons‑pause and on corporate earnings later in the week.
Entities: Brent crude · Brent crude · Current Cloud Backlog · DAX · DAX index · DZ Bank · European Central Bank · Evercore ISI · Federal Reserve · German DAX Index · German DAX index · Germany
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] SAP shares closed at €140.80, up about 9.15% after the earnings release. (multiple)
- [● 2 SOURCES] DZ Bank and Evercore ISI cut their price targets for SAP after the earnings announcement. (Analyst reaction)
- [● 2 SOURCES] The German DAX index closed at 24,763 points, below the 25,000‑point level. (Market data)
- [● 3 SOURCES] SAP's Current Cloud Backlog increased by 27% to €22.9 billion for Q2 2026. (multiple)
- [● 3 SOURCES] SAP lowered its 2026 non‑IFRS operating‑profit guidance to €11.8‑12.2 billion. (multiple)
- [● 3 SOURCES] SAP's total revenue grew 9% to €9.88 billion in Q2 2026. (SAP earnings release)
- [○ 1 SOURCE] The European Central Bank decided to pause further interest‑rate hikes. (ECB policy statement)
- [DISPUTED] Oil prices rose to their highest level in more than six weeks, influencing market sentiment. (energy market report)
- [● 2 SOURCES] SAP's share-price rise gave a boost to the German DAX index. (Market reaction)
- [● 2 SOURCES] Most market forecasts expect the U.S. Federal Reserve to keep interest rates unchanged at its upcoming meeting. (Monetary policy expectation)
- [○ 1 SOURCE] German gas prices dropped about 9 percent. (Energy market)
- [DISPUTED] Brent crude fell below $90 per barrel. (Oil market)