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08.04.202607:44:38UTC+00DAX Leapts Up on Ceasefire Optimism

Frankfurt’s DAX 40 surged more than 5% to approach 24,100 on Wednesday, its highest level in a month, as markets reacted positively to a last-minute, two-week ceasefire deal between the US and Iran. Israel also agreed to suspend airstrikes, while Tehran indicated it would permit transit through the Strait of Hormuz under the supervision of its armed forces.

Expectations that oil and gas shipments via this key chokepoint will resume drove a sharp decline in crude prices. Equity gains were broad-based across all sectors, with technology, banking, and industrial shares leading the advance. Among the top performers were energy-sensitive Siemens Energy (up 10.4%), Lufthansa (9.8%), Heidelberg Materials (9.3%), and Siemens (9.2%). Infineon (9.2%), MTU Aero Engines (8%), Commerzbank (8.6%), and Deutsche Bank (7.3%) also recorded strong gains.

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