The DAX Index Opens 0.63% Higher

Frankfurt's DAX 40 rose more than 1% to around 25,265 on Tuesday, following a weak start to the month, as AI optimism about tech stocks outweighed uncertainty over a Middle East peace deal. US President Trump said he expected a deal with Iran on extending a ceasefire and reopening the Strait of Hormuz could be reached next week, hours after reports that the negotiations had been suspended. Lebanon also announced a partial ceasefire between Hezbollah and Israel, helping to ease tensions. Meanwhile, preliminary data showed Eurozone's inflation data rose further to 3.2% in May, matching forecasts, while core inflation surpassed expectations at 2.5%. Among key movers, Infineon Technologies surged 5.7% and SAP advanced 1.7%. Deutsche Post climbed over 3% after analysts at Kepler Cheuvreux issued a buy recommendation. Meanwhile, Siemens Energy edged lower after announcing the acquisition of Northern Ireland’s Camlin Group.

The DAX Index is picking up 157 points or 0.63 percent on Tuesday. Gains are led by Infineon (5.44%), Zalando (3.66%) and Deutsche Post (3.04%). Biggest losers are Bayer (-4.04%), Rheinmetall (-2.26%) and Hannover Rueck (-0.97%).

The DAX Index fell 102 points or 0.40 percent on Monday to close at 25003 points. Leading the losses are Rheinmetall (-6.51%), Bayer (-3.83%) and MTU Aero Engines AG (-3.81%). Top gainers were SAP (8.03%), Brenntag (1.34%) and RWE (1.06%).