The DAX 40 overcame an initially cautious start on Tuesday to break above the 25,000 mark, extending the previous session’s rally. Sentiment was supported by the US–Iran framework agreement, which kept investors broadly optimistic despite lingering caution shaped by past progress and setbacks.
The memorandum of understanding is slated to be formally signed on Friday, when full details are due to be released. The Strait of Hormuz is also expected to reopen that same day. In parallel, markets were focused on policy decisions from major central banks scheduled for later in the week.
On the sector front, industrials and banks were among the strongest performers, while automakers and technology stocks came under pressure. GEA Group led the gains with an advance of nearly 5%, after Deutsche Bank upgraded the stock from Neutral to Buy. Rheinmetall, Qiagen NV, Siemens, Siemens Energy and MTU Aero Engines also posted solid increases.
Commerzbank climbed 1.6% after the German government rejected UniCredit’s hostile takeover proposal, emphasizing the importance of Commerzbank’s independence and criticizing the Italian lender’s “aggressive” approach.
