Frankfurt's DAX 40 rose 0.4% to around 24,370 on Wednesday, snapping a two-session losing streak as investors weighed the latest developments in the Middle East conflict. President Trump announced on Tuesday that he would extend the ceasefire with Iran indefinitely, pending a comprehensive proposal from Tehran and the conclusion of negotiations, while keeping the naval blockade in the Strait of Hormuz in place. At the same time, uncertainty lingered over the prospect of further talks.
Technology and industrial stocks led the gains, while telecoms and retailers underperformed. Siemens, Siemens Energy, and Infineon were among the top performers, each advancing about 2%. On the downside, Deutsche Telekom fell 1.6% after reports that it is considering a full merger with its US mobile subsidiary, T-Mobile US. Retailers Zalando and Adidas also came under pressure, dropping 2.2% and 1.7%, respectively.
