FX.co ★ DAX on Cautious Note

The DAX 40 hovered around the flatline near 24,400 on Wednesday, as risk sentiment was restrained by renewed US strikes on Iran following the downing of a helicopter in the Strait of Hormuz. In response, Tehran launched attacks on US bases in the Gulf region and in Jordan. Even so, the impact on oil prices was limited, with markets still pricing in the possibility of a peace deal.

Investors also kept a close eye on Thursday’s ECB policy decision and the release of updated macroeconomic projections. On the corporate front, Infineon Technologies and Qiagen NV were among the strongest performers, each gaining about 2%. Adidas, Fresenius SE & Co, and Gea Group followed, rising around 1% apiece. By contrast, SAP weighed on the index, slipping more than 2%.