The DAX Index Opens 1.01% Higher

Frankfurt's DAX 40 surged 2.7% to close at 23,298.9 on Wednesday, after posting its worst month since March 2020, amid renewed hopes that the Iran war could end soon. US President Trump said American troops would leave in two to three weeks, with or without a deal. On the Iranian side, President Massoud Peseshkian expressed openness to a ceasefire, provided security guarantees are ensured. Siemens Energy and Rheinmetall led the way, gaining 6.8% and 6.6%, respectively. Other top performers included Infineon, Continental, Siemens, Airbus and MTU Aero Engines, adding between 4.5% and 5.7%. Deutsche Bank and Commerzbank rose 5.4% and 4.7%, respectively. Among the few losers, BASF saw the biggest decline, falling nearly 3%.

The DAX Index rose 619 points or 2.73 percent on Wednesday to close at 23299 points. Leading the gains are Rheinmetall (10.23%), Siemens Energy (6.99%) and Infineon (5.71%).

Frankfurt's DAX 40 jumped more than 2.5% to near 23,300 in the first trading session of April, after posting its worst month since March 2020. Renewed optimism over a potential end to the Iran conflict boosted global markets after President Trump indicated US troops might withdraw in the coming weeks, regardless of an agreement. Most sectors recorded gains, particularly among energy-sensitive industrials, banks, and technology stocks. Siemens Energy and Siemens led the rally with increases of 6% and 4.6%. Airbus, Infineon, Continental, and MTU Aero Engines climbed between 3.5% and 4.3%, while Commerzbank and Deutsche Bank rose over 4%.