DAX Bounces Sharply
2026-03-10 17:25
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 closed about 2.4% firmer at 23,935 on Tuesday, recovering from three-month lows in the prior session, moving in line with other European peers.
Investor sentiment improved on optimism over easing Middle East tensions following President Trump's comments, driving oil prices down and alleviating inflation worries.
However, threats to oil shipments through the Strait of Hormuz continued.
All sectors saw gains, led by technology and financial stocks.
Among the biggest gainers were shares of Siemens Energy (6.4%) and Infineon Technologies (6.1%).
Banks and insurers also performed well, with Commerzbank, Deutsche Bank and Allianz gaining between 3.4% and 4.5%.
Industrial giant Siemens advanced 5.4%.
Volkswagen added 3.2%, after the company said it expects profitability to rebound this year following a challenging 2025.
Meanwhile, shares of Lufthansa , which had recently suffered greatly due to concerns about high fuel prices, rose 4% in the MDax.