FX.co ★ DAX Finishes on Higher Note

Frankfurt’s DAX 40 closed about 1.2% higher at 22,595 on Monday, snapping a three-session losing streak as investors reacted to hopes of an easing in US–Iran tensions. President Trump said the US and Iran had discussed a “complete and total resolution of hostilities” in the Middle East and that he would delay planned strikes on Iranian power facilities by five days following what he described as “productive conversations” with Tehran. Iran’s denial that any talks have taken place, however, continues to cloud the outlook.

Industrials, technology and financial stocks were among the strongest performers. Brenntag and Siemens Energy led the advance, gaining 5.8% and 5.2%, respectively. Heidelberg Materials, Siemens, Airbus, Continental, Commerzbank and Infineon also posted solid gains of between 3% and 4.5%. In contrast, Zalando, RWE and Vonovia were the biggest decliners, shedding 3.1%, 2.2% and 1.7%, respectively.