The DAX Index Closes 2.12% Higher

Frankfurt's DAX 40 rose 0.3% to around 24,990 on Thursday, marking the third straight session of gains, as traders continued to assess the prospects of a peace deal between the US and Iran, while also monitoring a fresh batch of corporate earnings. The two sides are reportedly close to a brief de-escalation memorandum that could help facilitate the reopening of the Strait of Hormuz, although uncertainty persists. Henkel led the way, rising nearly 4%, after reporting organic sales growth that beat market expectations. Other top performers included Infineon, Continental, Adidas, BMW, Heidelberg Materials and MTU Aero Engines, with gains between 1.9%-3.1%. On the downside, Siemens Healthineers dropped 3.8% as the German medical technology company cut its full year outlook following the release of results. Rheinmetall fell over 3% after reporting its full Q1 results, with a divisional breakdown highlighting underperformance in the weapons unit.

The DAX Index is up by 39 points or 0.16 percent on Thursday. Top gainers are Henkel (4.33%), Daimler Truck Holding AG (3.17%) and MTU Aero Engines AG (3.00%). Biggest losses came from Siemens Healthineers (-3.15%), BASF (-2.65%) and RWE (-2.63%).

The DAX Index gained 517 points or 2.12 percent on Wednesday to close at 24919 points. Gains were led by MTU Aero Engines AG (11.26%), Continental (8.95%) and Airbus (5.98%).