Frankfurt’s DAX 40 jumped 5.1% to close at 24,080 on Wednesday, its highest level in a month, lifted by renewed hopes of de-escalation in the Middle East after more than a month of conflict. The announcement of a two-week ceasefire agreement between the US and Iran triggered a global equity rally, even as tensions persisted along the Israel–Lebanon border.
Optimism that oil and gas shipments through the Strait of Hormuz will resume sent crude prices sharply lower, easing fears of a prolonged energy shock. The advance was broad-based, with technology, industrials, banks, travel, and autos among the top outperformers.
Infineon (+11.9%), Siemens Energy (+11.6%), Siemens (+10.2%), and Heidelberg Materials (+9.6%) recorded particularly strong gains. Financials also rallied, with Commerzbank up 9.2%, Deutsche Bank 7%, and Lufthansa 8.3%. Auto makers rose between 3.9% and 7%.
Decliners were few, limited to names such as Deutsche Börse (-1.3%), RWE (-0.5%), and Brenntag (-0.4%).
