Stock market: Dax up, SAP and Siemens Energy at the top of the index

Analyst comments also impacted share prices. BASF rose 1.5 percent following a "buy" rating from Citigroup. A downgrade of HelloFresh shares by Morgan Stanley caused the meal kit mail-order company's share price to fall 2.8 percent. A re-rating of Carl Zeiss Meditec to "overweight" by Barclays Bank led to a 3.8 percent increase.

A share buyback by IT service provider Cancom was well received by investors. The company plans to purchase up to 10 percent of its share capital on the market. The share price rose by 6 percent.