Frankfurt’s DAX 40 fluctuated between gains and losses on Tuesday, mirroring investor caution ahead of the deadline on President Trump’s ultimatum to Iran. Market participants continued to digest mixed signals from President Donald Trump regarding the Iran conflict, weighing hopes for a potential ceasefire against persistent geopolitical risks. Trump warned of severe consequences if Iran failed to reopen the Strait of Hormuz, yet also characterized Iran as an “active, willing participant” in negotiations. Ongoing uncertainty and disruptions to energy supplies continued to underpin oil prices.
In equities, Heidelberg Materials, Qiagen NV and Symrise registered the steepest losses on the index, declining 1.8%, 1.1% and 1.0%, respectively. Energy-sensitive names such as Siemens Energy (-0.8%), Siemens (-0.5%) and SAP (-0.7%) also traded lower. On the upside, BASF, Fresenius Medical Care and Brenntag led the gainers, advancing between 1.5% and 1.8%.
