Germany stocks higher at close of trade; DAX up 3.15%

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At the close in Frankfurt, the DAX gained 3.15%, while the MDAX index climbed 2.59%, and the TecDAX index gained 1.93%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 6.27% or 0.975 points to trade at 16.515 at the close. Meanwhile, Covestro AG (DE:1COV) added 5.79% or 1.700 points to end at 31.070 and Volkswagen AG VZO O.N. (DE:VOWG_p) was up 5.67% or 6.68 points to 124.54 in late trade.

The worst performers of the session were Fresenius SE & Co KGAA O.N. (DE:FREG), which fell 0.43% or 0.160 points to trade at 36.715 at the close. Deutsche Boerse AG (DE:DB1Gn) declined 0.23% or 0.325 points to end at 139.250 and Fresenius Medical Care KGAA ST (DE:FMEG) was 0.00% or 0.000 points to 64.630.

The top performers on the MDAX were Thyssenkrupp AG O.N. (DE:TKAG) which rose 9.24% to 5.890, Kion Group AG (DE:KGX) which was up 7.81% to settle at 44.47 and Brenntag AG (DE:BNRGn) which gained 7.76% to close at 38.200.

The worst performers were TeamViewer AG (DE:TMV) which was down 2.92% to 39.75 in late trade, Bechtle AG (DE:BC8G) which lost 2.56% to settle at 133.000 and Siemens Healthineers AG (DE:SHLG) which was down 0.67% to 37.12 at the close.

The top performers on the TecDAX were Infineon Technologies AG NA O.N. (DE:IFXGn) which rose 6.27% to 16.515, Jenoptik AG (DE:JENGn) which was up 5.49% to settle at 18.460 and United Internet AG NA (DE:UTDI) which gained 3.71% to close at 30.160.

The worst performers were New Work SE (DE:NWOn) which was down 4.69% to 203.00 in late trade, TeamViewer AG (DE:TMV) which lost 2.92% to settle at 39.75 and Bechtle AG (DE:BC8G) which was down 2.56% to 133.000 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 565 to 126 and 50 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.87% to 43.54 a new 1-month low.

Gold Futures for June delivery was down 1.83% or 31.70 to $1700.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 8.35% or 1.66 to hit $18.21 a barrel, while the June Brent oil contract rose 2.34% or 0.65 to trade at $28.47 a barrel.

EUR/USD was up 0.32% to 1.0870, while EUR/GBP fell 0.03% to 0.8694.

The US Dollar Index Futures was down 0.31% at 99.787.

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