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2026.04.2215:12:11UTC+00DAX in the Red

Frankfurt’s DAX 40 extended losses on Wednesday and slipped into negative territory, trading around 24,200, as geopolitical tensions stayed elevated despite President Trump’s decision to prolong the ceasefire with Iran. He had earlier indicated that further action would be put on hold until Tehran presented a unified proposal and negotiations were completed. Even so, Washington intends to maintain its naval blockade of Iranian maritime trade, a stance Tehran regards as an obstacle to talks, with fresh reports emerging today of attacks on vessels in the Strait of Hormuz.

On the corporate front, Deutsche Telekom (-4.1%) lagged after reports of merger plans with T-Mobile US. Bernstein Research analysts flagged substantial regulatory hurdles and cautioned that T-Mobile shareholders are unlikely to back the deal without a sizable valuation premium.

By contrast, Siemens Energy climbed 6.1%, buoyed by robust first-quarter results from peer ABB. Technology group Infineon added 2.6%. Energy names were also in demand, with RWE up 3.2% and E.ON advancing 1.1%.

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