FX.co ★ DAX Tries to Recover

Frankfurt's DAX inched up to around 23,880 on Wednesday, following two sessions of sharp losses, against the backdrop of the ongoing conflict in the Middle East. Market sentiment improved slightly after President Trump indicated that the US Navy could escort oil tankers through the strategic Strait of Hormuz, where traffic remains largely paralyzed. Technology stocks led the advance, with Infineon Technologies and SAP gaining 1.9% and 0.9%, respectively. Insurers and automakers also mounted a modest rebound.