Daily Market Report – May 13, 2026
The international stock markets stabilized by midweek after a weak previous day. The German benchmark index DAX (TradingView) closed at 24,136 points, gaining about 0.9%, supported by a robust earnings season and a slight easing in the bond markets. The Euro Stoxx 50 (TradingView) also increased. However, geopolitical tensions in the Middle East, particularly around Iran and the Strait of Hormuz, as well as rising inflation data from the U.S., remain burdensome.
At Wall Street, technology and AI stocks were once again in the spotlight. The NASDAQ 100 (TradingView) benefited from continued AI enthusiasm and positive corporate earnings. Market participants are also closely monitoring the meeting between Donald Trump and Xi Jinping in Beijing, from which new impulses for trade relations between the U.S. and China are expected. However, the latest U.S. inflation data heightened concerns that the Federal Reserve might maintain a restrictive monetary policy for a longer period. The yields on ten-year U.S. Treasury bonds rose to their highest level since July. The U.S. Dollar Index DXY (TradingView) increased, while the EUR/USD (TradingView) trended weaker.
In focus during the earnings season today were, among others, Allianz (TradingView), Deutsche Telekom (TradingView), Siemens (TradingView), E.ON (TradingView), and RWE (TradingView). Positive surprises from several European companies supported the markets. Semiconductor and AI-related stocks such as NVIDIA (TradingView) and Infineon (TradingView) were particularly in demand. At the same time, energy prices and geopolitical risks remain the crucial uncertainty factor for the second half of the year.