Germany stocks higher at close of trade; DAX up 1.90%

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At the close in Frankfurt, the DAX gained 1.90%, while the MDAX index gained 0.16%, and the TecDAX index climbed 2.62%.

The best performers of the session on the DAX were Deutsche Post AG NA O.N. (DE:DPWGn), which rose 10.29% or 2.297 points to trade at 24.625 at the close. Meanwhile, Deutsche Boerse AG (DE:DB1Gn) added 6.38% or 7.480 points to end at 124.730 and Vonovia SE (DE:VNAn) was up 5.26% or 2.25 points to 45.01 in late trade.

The worst performers of the session were MTU Aero Engines NA O.N. (DE:MTXGn), which fell 8.36% or 12.30 points to trade at 134.85 at the close. Deutsche Lufthansa AG (DE:LHAG) declined 4.05% or 0.366 points to end at 8.682 and Heidelbergcement AG O.N. (DE:HEIG) was down 3.94% or 1.520 points to 37.010.

The top performers on the MDAX were Varta AG (DE:VAR1) which rose 8.75% to 69.600, LEG Immobilien AG (DE:LEGn) which was up 8.42% to settle at 102.000 and Bechtle AG (DE:BC8G) which gained 8.29% to close at 112.400.

The worst performers were Airbus Group SE (DE:AIRG) which was down 10.57% to 61.00 in late trade, Fuchs Petrolub AG VZO Pref (DE:FPEG_p) which lost 7.28% to settle at 28.650 and Commerzbank AG O.N. (DE:CBKG) which was down 7.03% to 3.335 at the close.

The top performers on the TecDAX were Varta AG (DE:VAR1) which rose 8.75% to 69.600, Bechtle AG (DE:BC8G) which was up 8.29% to settle at 112.400 and Morphosys AG O.N. (DE:MORG) which gained 7.67% to close at 90.500.

The worst performers were Dialog Semiconductor (DE:DLGS) which was down 1.55% to 23.775 in late trade, Jenoptik AG (DE:JENGn) which lost 0.68% to settle at 14.620 and Wirecard AG (DE:WDIG) which was down 0.12% to 99.540 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 410 to 289 and 45 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 8.04% to 57.19.

Gold Futures for June delivery was down 0.82% or 13.60 to $1640.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 5.35% or 1.15 to hit $20.36 a barrel, while the June Brent oil contract fell 6.05% or 1.69 to trade at $26.26 a barrel.

EUR/USD was down 1.09% to 1.1019, while EUR/GBP fell 0.53% to 0.8897.

The US Dollar Index Futures was up 0.77% at 99.297.