DAX Settles Higher
2026-03-30 16:17
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 gained ground to close about 1.2% higher at 22,563 on Monday, snapping a two-day losing streak amid continued focus on the Middle East conflict.
Treasury Secretary Scott Bessent confirmed US plans to reopen the Strait of Hormuz with military or multinational naval support, while G7 ministers pledged to safeguard energy markets.
Meanwhile, Fed Chair Jerome Powell hinted at keeping interest rates unchanged in the short term, looking through the ongoing global energy price shock.
On the data front, German inflation accelerated to 2.7% in March 2026, the highest since January 2024, from 1.9% in February, driven by energy price shocks from the ongoing US–Israeli war involving Iran.
Among the top performers were SAP, RWE, Vonovia and Scout24, gaining 4.1%, 3.5%, 3.3% and 3.2%, respectively.
On the flip side, Siemens Energy (-1.7%) and Commerzbank (-1.4%) posted the biggest declines.