The DAX Index Closes 0.69% Higher

The DAX Index rose 163 points or 0.69 percent on Tuesday to close at 23727 points. Leading the gains are E.ON (3.53%), Hannover Rueck (3.42%) and Merck (2.80%). Top losers were Beiersdorf (-2.72%), Daimler Truck Holding AG (-1.32%) and Fresenius (-1.28%).

Frankfurt's DAX 40 closed about 0.7% up at 23,721 on Tuesday, mirroring gains across Europe, as traders weighed the latest Middle East developments. Market sentiment was lifted following reports of the deaths of Iranian security chief Ali Larijani and Basij commander Gholamreza Soleimani, despite a fresh wave of Iranian strikes on Gulf energy facilities that pushed oil prices higher. Meanwhile, investors are increasingly focused on upcoming policy decisions from the ECB and the Federal Reserve, which are expected to maintain the status quo amid a highly uncertain economic outlook. On equities, Hannover Ruck and E.ON were the top performers, rising 3.9% and 3.2%, respectively. Other notable advancers included Brenntag, Merck, Munchener Ruck, RWE and Siemens Energy, with gains of more than 2% each. On the flip side, Beiersdorf (-2.4%), Daimler Truck (-1.6%) and Scout24 (-1.6%) were the biggest laggards.

Frankfurt's DAX 40 edged lower to around 23,490 on Tuesday, reversing yesterday's modest advance, as caution returned to markets amid increasing tensions in the Middle East. A new wave of Iranian strikes on Gulf energy facilities has driven oil prices higher, keeping global inflation concerns alive. Meanwhile, US President Trump accused some Western allies of ingratitude after several countries rejected his request to send warships to escort oil tankers through the Strait of Hormuz. Attention was also on the upcoming policy decisions from the ECB and the Federal Reserve, both widely expected to keep interest rates unchanged. Rheinmetall, Qiagen NV, Fresenius SE & Co, MTU Aero Engines and Infineon Technologies were among the top losers, falling between 0.9%-1.4%. Conversely, defensive utility names like E.ON (1.7%) and RWE (1.3%) advanced the most.