DAX Cautiously Higher

2026-05-04 07:55 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 rose 0.3% to surpass 24,350 on Monday, as traders continued to monitor developments in the Middle East, while also digesting fresh tariff threats.

Iran has reportedly sent an updated peace proposal, suggesting a one-month deadline for talks to reopen the Strait of Hormuz, alongside a halt to the US naval blockade and fighting in Lebanon, though President Trump said it may not be sufficient.

Meanwhile, Trump launched an unspecified “Project Freedom” aimed at enabling the passage of ships blocked.

On Friday, he also said he would raise US tariffs on EU cars and trucks to 25% from 15% this week, citing non-compliance with a previous trade agreement.

Tech stocks were among the top performers, with SAP and Infineon rising 2.3% and 1.8%, respectively, supported by ongoing optimism around AI.

Conversely, automakers came under significant selling pressure.

Shares in BMW (-1.9%), Mercedes-Benz (-1.4%), VW (-1.1%), Porsche (-1.0%) and Daimler Truck (-0.5%) all declined.



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