DAX Attempts Rally
2026-03-10 08:59
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 surged more than 2% to surpass 23,900 on Tuesday, after three consecutive sessions of declines, in line with European peers and broader markets.
Investor sentiment benefited from falling oil prices following Trump’s comments on a swift end to the Iran conflict and potential measures to stabilize energy prices.
However, ongoing threats to oil shipments through the Strait of Hormuz maintain a level of caution in the market.
All sectors saw gains, led by technology, financial stocks and autos.
Infineon Technologies climbed 5.7% and Siemens surged 4%.
Commerzbank and Deutsche Bank jumped more than 4% each.
Volkswagen gained 3.7%, boosting the auto sector, after the company said it expects profitability to rebound this year following a challenging 2025.
Hugo Boss gained more than 5% after reporting fourth-quarter profit and sales that exceeded market expectations.
Airline Deutsche Lufthansa, which had been hit hard by the recent surge in oil prices, advanced 3.3%.