DAX Moves Higher
2026-03-31 08:41
By
Luisa Carvalho
1 min. read
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.