DAX rises 122 points as SAP earnings loom at midday
Published on 10/21/2026 at 13:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTechnology earnings set the tone
- At 12:08 p.m. CEST on October 21, DAX stood at 25,427 points, up 122 points or 0.5 percent.
- SAP earnings due at 10:05 p.m. CEST kept technology stocks in focus.
- Infineon led early DAX gainers at 1.6 percent.
- Deutsche Boerse hosts its analyst conference at 2:00 p.m. CEST.
The DAX stood at 25,427 points at 12:08 p.m. CEST on October 21, up 122 points or 0.5 percent from the previous close. Investors were focused on SAP's quarterly results, due after the Xetra session at 10:05 p.m. CEST.
Infineon led early gains with a 1.6 percent rise, while Adidas benefited from stronger results and a higher operating-profit forecast. Onvista linked the technology rebound to improved sentiment after SpaceX reported a multibillion-dollar quarterly profit.
Why is the DAX rising at midday?
Investors are balancing technology optimism against political and energy concerns in Europe. Reuters said SAP and Tesla earnings were expected after the market close, with SAP carrying particular importance for the DAX.
German 10-year yields rose 3 basis points to 3.426 percent, while French 10-year yields reached 4.948 percent amid renewed fiscal pressure. Reuters also reported that oil moved back above USD 110 a barrel.
Winners and losers in the DAX
Early Xetra winners and losers at 9:59 a.m. CEST were listed by Wallstreet Online:
- Infineon up 1.6 percent: technology shares recovered.
- Commerzbank up 1.0 percent.
- Hochtief up 0.9 percent.
- Volkswagen down 2.1 percent.
- Adidas down 2.0 percent.
- Rheinmetall down 1.4 percent.
DAX course and afternoon agenda
The DAX opened at 25,296 points after Tuesday's close at 25,304 points. It reached 25,471 points at its high and 25,250 points at its low. The index later held above the opening level as technology shares recovered.
The DAX's afternoon agenda includes corporate updates and central-bank commentary. Deutsche Boerse's analyst conference is scheduled for 2:00 p.m. CEST, while European investors also face elevated French borrowing costs.
What comes next for the DAX
- October 21, 2026, 2:00 p.m. CEST: Deutsche Boerse analyst conference on third-quarter results, Deutsche Boerse lists.
- October 21, 2026, 6:00 p.m. CEST: European Central Bank President Christine Lagarde joins a discussion in Wiesbaden, Tradegate BSX lists.
- October 21, 2026, 10:05 p.m. CEST: SAP publishes third-quarter results, followed by its analyst conference at 11:00 p.m. CEST, Deutsche Boerse lists.
DAX price data for October 21, 2026
The DAX was at 25,427 points at 12:08 p.m. CEST on October 21, up 122 points or 0.5 percent from the previous close of 25,304 points, Finanzen.ch reported. It opened at 25,296 points, with a high of 25,471 points and a low of 25,250 points. The L&S indication was 25,497 points at 1:36 p.m. CEST.
DAX by the numbers on October 21, 2026
- Index: DAX
- Home exchange: Xetra, Germany
- Level at 12:08 p.m. CEST on October 21, 2026: 25,427 points
- Change versus previous close of October 20, 2026: up 122 points (up 0.5 percent)
- Previous close: 25,304 points
- Open: 25,296 points
- Day high / day low: 25,471 points / 25,250 points
- L&S indication (1:36 p.m. CEST): 25,497 points
- Top gainer: Infineon up 1.6 percent
- Top loser: Volkswagen down 2.1 percent
- Next scheduled event: October 21, 2026, 2:00 p.m. CEST: Deutsche Boerse analyst conference
