Frankfurt’s DAX 40 traded sideways on Tuesday amid lingering uncertainty over the chances of a peace agreement to end the war in Iran. According to reports, Donald Trump has told his advisors that he is ready to halt the US military campaign against Iran even if the Strait of Hormuz remains largely closed. Nonetheless, geopolitical tensions in the Middle East remain high, with hostilities continuing unabated.
On the corporate front, Scout24 led the risers with a gain of 1.8%, while Zalando and Deutsche Börse also ranked among the top performers, each advancing more than 1%. On the downside, Siemens Energy, BASF, and Infineon recorded the steepest losses.
Overall, the DAX is on track for a sharp 10% decline in March, marking its worst monthly performance since March 2020.
