Frankfurt’s DAX 40 jumped 2.7% on Wednesday to close at 23,298.9, rebounding after its worst month since March 2020, as renewed hopes emerged that the war with Iran might soon come to an end. US President Trump stated that American troops would withdraw within two to three weeks, with or without a deal. On the Iranian side, President Massoud Peseshkian signaled openness to a ceasefire, conditional on credible security guarantees.
Siemens Energy and Rheinmetall led the rally, advancing 6.8% and 6.6%, respectively. Strong gains were also recorded by Infineon, Continental, Siemens, Airbus, and MTU Aero Engines, which added between 4.5% and 5.7%. In the banking sector, Deutsche Bank climbed 5.4%, while Commerzbank was up 4.7%. Among the few decliners, BASF posted the steepest loss, falling nearly 3%.
