FX.co ★ DAX Gains on US-Iran Deal Optimism

Frankfurt’s DAX 40 extended its early gains on Wednesday afternoon, trading around 25,350 in line with other major European indices. Sentiment improved after Iran’s state television reported it had obtained a draft of an initial, unofficial framework for a Memorandum of Understanding (MoU) between Iran and the United States. The document reportedly outlines steps toward military de-escalation in the region and a possible lifting of the blockade. Consumer stocks and automakers provided the main support to the index.