FX.co ★ DAX Hit 3-Month Highs

Frankfurt's DAX 40 advanced 0.7% on Monday, briefly moving above the 25,000 mark for the first time since late February. The rally was supported by signs that the United States and Iran are edging closer to an agreement that could reopen the Strait of Hormuz. President Trump said that negotiations are “proceeding in an orderly and constructive manner,” emphasizing that both sides “must take their time and get it right, as there can be no mistakes.”

The prospect of easing tensions triggered a sharp drop in oil prices, helping to alleviate worries about inflation and a potential global economic slowdown. Most sectors traded higher, with energy-sensitive industrials and banks leading the gains. MTU Aero Engines was the top performer, jumping nearly 6%, followed by Heidelberg Materials, Continental, Airbus, Siemens, and Siemens Energy, which each added between 2% and 3%. Commerzbank and Deutsche Bank rose 1.7% and 1.6%, respectively.