2026.05.2516:04:47UTC+00DAX Hits Over 4-Month High

Frankfurt’s DAX 40 advanced on Monday, climbing around 2% to close at 25,394—its highest level since January and a clear outperformer among major European indices. Investors reacted positively to signs of progress toward a potential US–Iran peace agreement that could reopen the Strait of Hormuz and help stabilize global energy supplies.

US President Trump said that a draft agreement with Iran had made headway but stressed he would only approve a “great deal for all or no deal at all.” Iranian officials confirmed that talks were in progress, sending oil prices sharply lower and easing market concerns about inflation.

Energy-sensitive sectors led the gains, with industrials, technology, retail, banking and travel-related stocks among the session’s strongest performers. MTU Aero Engines topped the index, surging 6%, followed by Daimler Truck (4.4%), Zalando (4.2%), Infineon Technologies (3.7%), Heidelberg Materials (3.6%) and Siemens Energy (3.3%). In the banking sector, Deutsche Bank and Commerzbank rose 3.2% and 2.9%, respectively.