FX.co ★ DAX Bounces on Hopes of US-Iran Peace Deal

Frankfurt’s DAX 40 climbed over 1% on Tuesday, moving back toward the 24,000 level after modest losses in the previous session. Sentiment improved across major markets on renewed expectations of another round of talks between the US and Iran, even as geopolitical tensions intensified following Washington’s move to impose a blockade on the Strait of Hormuz after negotiations broke down over the weekend. At the same time, investors assessed a new wave of quarterly corporate earnings.