The DAX Index Closes 1.18% Higher

The DAX Index rose 265 points or 1.18 percent on Monday to close at 22645 points. Leading the gains are Brenntag (5.90%), Siemens Energy (4.96%) and HeidelbergCement (4.12%).

Frankfurt's DAX 40 closed about 1.2% higher at 22,595 on Monday, halting a three-day losing streak, amid hopes of a de-escalation in the US-Iran war. President Trump earlier claimed that the US and Iran had held talks on the “complete and total resolution of hostilities” in the Middle East and that he would postpone attacks on Iranian power plants by five days after having “productive conversations” with Tehran. However, Iran’s denial of any negotiations continues to cast uncertainty over the situation. Industrials, tech and financials were among the top performers. Brenntag and Siemens Energy led gains, rising 5.8% and 5.2%, respectively. Heidelberg Materials, Siemens, Airbus, Continental, Commerzbank and Infineon also advanced firmly, adding between 3% and 4.5%. On the flip side, Zalando, RWE and Vonovia were the top losers, falling 3.1%, 2.2% and 1.7%, respectively.

Frankfurt's DAX 40 clawed back into positive territory on Monday, advancing 2.6% to breach the 22,900 level and outperforming its regional peers. The rally was triggered by news of a possible de-escalation between Washington and Tehran, after US President Donald Trump said the United States and Iran had held “very good and productive” talks and that he was suspending planned strikes on Iranian power plants and energy infrastructure for five days. The rebound was broad-based, with industrials, technology, and financial stocks driving gains. Siemens Energy and Siemens topped the index, rising 6.4% and 5.3%, respectively. Other notable performers included Brenntag, Infineon, Airbus, Commerzbank and Heidelberg Materials, with gains between 3.8% and 4.8%. Among losers, Vonovia and Hannover Ruck stood out, falling 1.5% and 0.8%, respectively.