The DAX Index Closes 0.52% Higher

The DAX Index gained 117 points or 0.52 percent on Tuesday to close at 22680 points. Gains were led by MTU Aero Engines AG (3.42%), Adidas (2.24%) and Deutsche Boerse (2.20%). Biggest losers were Symrise (-1.35%), BASF (-1.13%) and Deutsche Telekom (-0.96%).

Frankfurt's DAX 40 closed about 0.5% up at 22,633 in the final trading session of March, in line with its European peers, reflecting cautious optimism over a potential end to the war in Iran. President 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. Meanwhile, a month into the US–Israeli attacks, Iran continued launching ballistic missiles and drones at neighboring Gulf states, and a Kuwaiti oil tanker was struck off the coast of Dubai. Among the biggest gainers were shares of MTU Aero Engines and Rheinmetall, rising 4.2% and 2.2%, respectively. Other top performers included Adidas, Deutsche Borse, Commerzbank, RWE, Infineon and Zalando, with gains up to 2.2%. On the flip side, Symrise (-1.3%) and BASF (-1.3%) posted the biggest declines. Still, the DAX recorded a monthly loss of 10.5%, the steepest since March 2020, amid heightened uncertainty from geopolitical tensions.

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.