Hopes for a swift end to the war in the Middle East have sent the Dax on a recovery path. The German blue-chip index gained 2.2 percent at Tuesday's opening, reaching 23,926 points. Oil prices, which had briefly surged to nearly 120 dollars per barrel on Monday, retreated by almost eleven percent at their peak. In an interview with CBS News on Monday, US President Donald Trump stated that he considered the war against Iran to be "very much completed" and that they were "very far ahead" of the original timeframe. The hot phase of the war appears to be over, said Andreas Lipkow of CMC Markets. "Now it remains to be seen how quickly diplomacy can negotiate a ceasefire or a truce." Investors are expected to react immediately to any renewed escalations. Since the start of the Iran war in late February, the Dax has lost more than seven percent of its value.
Among the biggest gainers in the Dax were shares of Siemens Energy and Infineon, which rose six and five percent respectively following losses in recent days. Volkswagen shares advanced by 2.4 percent, despite a costly strategic shift at its sports car subsidiary Porsche and US tariffs causing a slump in profits for Europe's largest automaker. Porsche itself earned almost nothing operationally during the crisis year of 2025: the operating result amounted to 90 million euros, down from nearly 5.3 billion euros the previous year. The shares traded 1.6 percent higher.
(Reported by: Daniela Pegna, edited by Ralf Banser. For inquiries, please contact our editorial office at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)
