Overview
- President Donald Trump’s weekend announcement of new talks with Iran triggered a sharp drop in Brent and WTI prices and helped push the DAX above 26,000 on Monday.
- By Wednesday the index extended gains to intraday levels above 26,400 as strong US tech rallies and a busy DAX reporting week added upward momentum.
- Iran has publicly denied direct US negotiations and said it was discussing transit arrangements with Oman for the Strait of Hormuz, leaving any diplomatic deal unconfirmed.
- Earnings from major DAX firms, notably Infineon, Siemens Energy and Fresenius, beat expectations or raised guidance and provided substantive support for the rally.
- Market strategists warn the advance is fragile because Germany’s domestic growth is weak, investor hedges are light and any geopolitical reversal or disappointing guidance could trigger rapid selling.