DAX Rallies on US–Iran Deal Hopes

2026-06-12 16:01 By Luisa Carvalho 1 min. read

The DAX 40 finished about 1.8% firmer at 24,613 on Friday, the biggest daily gain since May 25, in line with European and US peers.

Market sentiment was buoyed by expectations that a peace agreement between the US and Iran may finally be reached and enthusiasm surrounding the SpaceX IPO and its market debut.

President Trump had canceled his planned attacks on Iran, scheduled for Thursday evening, and touted that a peace deal could be reached as soon as this weekend, pushing oil prices lower.

Meanwhile, Iranian Foreign Minister Seyed Abbas Araghchi said on X that a US memorandum of understanding “has never been closer,” but added it is still too early for details as talks continue.

Most sectors recorded gains, led by banks, techs, travel stocks and energy-sensitive industrials.

Deutsche Bank led the way, surging 6.3%, with Commerzbank adding 2.9%.

Heidelberg Materials (5.1%), Siemens Energy (4.1%) and Infineon Technologies (3.6%) followed closely.

For the week, the index shed 0.6%.



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