DAX Turns Positive

2026-05-18 13:38 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 reversed early losses and rose 1.5% to settle at 24,308 on Monday, amid renewed hopes for a resolution to the Middle East conflict.

Iran said it had responded to a new US proposal aimed at ending the war via Pakistani mediation, as negotiations continue, with Washington reportedly proposing a temporary exemption from sanctions on Iranian oil exports.

Tehran is demanding sanctions relief as a condition for accepting a peace agreement and the reopening of the Strait of Hormuz.

Among key movers, Rheinmetall surged nearly 5%, following a buy recommendation from Citigroup.

Deutsche Borse climbed 4.6%, after it was revealed that hedge fund TCI has built a 5.15% stake on the exchange operator via shares and derivatives.

Other top gainers included Deutsche Telekom, RWE, Munchener Ruck and SAP,, rising between 2.5% and 3.7%.

On the flip side, Commerzbank (-1.5%), Porsche Automobil (-0.9%) and Brenntag (-0.8%) were the biggest laggards.



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