The DAX Index Opens 0.02% Higher

Frankfurt's DAX 40 found footing after a shaky start on Tuesday, rising 0.8% to above 22,700, in line with its European peers. Sentiment was bolstered by reports of a possible US withdrawal from Iran, despite continued tensions in the Middle East. According to the Wall Street Journal, President Trump told his advisors that he is prepared to end the American military campaign against Iran, even if the Strait of Hormuz remains largely closed. Meanwhile, EU energy ministers are meeting today to discuss a coordinated response to the volatility in oil and gas markets triggered by the conflict in Iran. Almost all sectors saw gains, with retailers, banks and techs among the top performers. In equities, Zalando led the way, rising 2.1%, followed by Rheinmetall (1.6%) and Deutsche Borse (1.5%), while BASF lagged (-0.8%). Still, the DAX is bracing for a 10% plunge in March, its sharpest monthly loss since March 2020.

Frankfurt's DAX 40 lacked direction on Tuesday, as uncertainty persists over the prospects of a peace deal to end the Iran war. President Donald Trump reportedly told his advisors that he is prepared to end the American military campaign against Iran, even if the Strait of Hormuz remains largely closed. However, tensions in the Middle East remain elevated as hostilities continue unabated. Scout24 led gains, rising 1.8%, with Zalando and Deutsche Borse also among the top performers, each rising more than 1%. On the downside, Siemens Energy, BASF and Infineon posted the biggest declines. The DAX is heading for a sharp 10% plunge in March, its sharpest monthly loss since March 2020.

The DAX Index is gaining 4 points or 0.02 percent on Tuesday. Leading the gains are Scout24 (1.53%), Zalando (1.48%) and Deutsche Boerse (1.20%). Top losers are Siemens Energy (-1.80%), Infineon (-1.25%) and BASF (-1.21%).