FX.co ★ DAX on Higher Note

Frankfurt’s DAX 40 advanced 0.8% toward 24,800 on Friday, lifted by strength in technology stocks and renewed hopes for a negotiated resolution to the Iran conflict. Infineon Technologies gained more than 4%, mirroring solid performances from its peers in Asia and the United States. On the diplomatic front, US Secretary of State Marco Rubio cited “some encouraging signs” of a possible agreement, while Iranian Foreign Ministry spokesman Esmaeil Baqaei confirmed that Iran and the US are engaged in talks, mediated by Pakistan, aimed at ending hostilities “on all fronts, including Lebanon.” Even so, the Strait of Hormuz remains closed, and oil prices are once again trending higher.