DAX at Over 1-Week High
2026-03-18 08:48
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 rose about 0.5% to trade above 23,800 on Wednesday, the highest in over a week, marking the third consecutive session of gains.
Oil prices fell, lifting sentiment, after Iraq reached an agreement to resume exports via Turkey, avoiding the Strait of Hormuz.
However, the situation in the Middle East remains tense following the killing of Tehran's security chief.
Attention was also on upcoming policy announcements by major central banks, including the US Federal Reserve later in the day.
Among top performers, industrials saw strong gains, with Heidelberg Materials climbing 3.5% after Morgan Stanley upgraded it from "underweight" to "overweight." Banks and technology stocks also advanced firmly.
On the downside, Deutsche Telekom (-1.7%) led the laggards, followed by Fresenius Medical Care (-1.3%), RWE (-1.1%), and Zalando (-1%).