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2026.06.1216:01:41UTC+00DAX Rallies on US–Iran Deal Hopes

The DAX 40 closed about 1.8% higher at 24,613 on Friday, marking its strongest daily advance since May 25 and moving broadly in line with gains in other European and US markets. Risk appetite improved amid rising expectations that a peace agreement between the US and Iran could soon be concluded, alongside strong investor enthusiasm for the SpaceX IPO and its market debut.

President Trump called off planned strikes on Iran that had been scheduled for Thursday evening and suggested that a peace deal could be reached as early as this weekend, helping to push oil prices lower. At the same time, Iranian Foreign Minister Seyed Abbas Araghchi wrote on X that a US memorandum of understanding “has never been closer,” while cautioning that it remains too early to disclose details as negotiations are still under way.

Gains were broad-based across sectors, led by banks, technology, travel stocks and energy-sensitive industrials. Deutsche Bank was the standout performer, jumping 6.3%, while Commerzbank rose 2.9%. Heidelberg Materials advanced 5.1%, Siemens Energy climbed 4.1% and Infineon Technologies added 3.6%. Despite Friday’s rally, the DAX 40 finished the week down 0.6%.

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