The DAX Index Closes 0.60% Lower

Frankfurt’s DAX 40 gave up some early gains to settle 0.6% lower at 24,271 on Tuesday, mirroring its regional peers. Investor nervousness increased ahead of potential further negotiations between the US and Iran, given the impending expiration of the ceasefire on Wednesday. Oil prices saw a renewed increase as traffic in the Strait of Hormuz remains largely disrupted and after President Trump reiterated that the US will not lift its naval blockade of Iranian ports until there is a "final agreement." In equities, MTU Aero Engines was the top loser, slipping 6.1%, after Jefferies cut its price target from €480 to €410 despite maintaining a Buy rating. Beiersdorf slumped nearly 3% as it reported a drop in its quarterly sales, citing weak performance in its core brand and luxury division. Bayer, Airbus, Deutsche Telekom and Rheinmetall also posted steep declines. On the upside, Scout24 (1.8%), RWE (1.3%), and Allianz (1.3%) saw the biggest gains.

The DAX Index decreased 147 points or 0.60 percent on Tuesday to close at 24271 points. The decline was led by MTU Aero Engines AG (-5.38%), Beiersdorf (-3.46%) and Bayer (-3.36%). On the upside, the strongest performers were Scout24 (1.76%), RWE (1.46%) and Allianz (1.41%).

Frankfurt’s DAX 40 rose 0.5% to around 24,500 on Tuesday after a weak start to the week, buoyed by hopes of renewed talks between Washington and Tehran and the potential reopening of the Strait of Hormuz. The United States has expressed cautious optimism that negotiations with Iran will resume in Pakistan, even as uncertainty persists ahead of the ceasefire deadline. At the same time, fresh optimism around AI provided additional support. Among stocks, chemicals group Brenntag led gains, up 2.2%, with Symrise also higher (1.5%). SAP gained 1.6% and Allianz added 1.5% after Goldman Sachs reaffirmed its buy rating and lifted its price target to €450 from €410. On the downside, Beiersdorf underperformed (-2.7%) after reporting a drop in its quarterly sales, citing weak performance in its core brand and luxury division. MTU Aero Engines (1.5%) and Deutsche Telekom (-1.2%) were also among the top losers.