07.04.202609:31:42UTC+00DAX Moves Higher

Frankfurt’s DAX 40 edged higher on Tuesday after a cautious open, gaining 0.8% to move above 23,350 in line with broader European markets. Investors returned from the Easter break with renewed attention on developments in the Middle East, particularly as the deadline approached for President Trump’s ultimatum to Iran. Hopes for a diplomatic breakthrough lent some support to risk appetite, although uncertainty remained elevated amid mixed messaging from Washington. Trump warned of severe repercussions if Iran failed to reopen the Strait of Hormuz, yet simultaneously characterized Iran as an “active, willing participant” in ongoing talks.

Sector-wise, technology, media, chemicals and banks led the advance, while utilities underperformed. BASF, Infineon and Fresenius Medical Care were among the top gainers on the index, each rising between 1.8% and 2.4%. Deutsche Telekom added around 1%, tracking a broader rally in European media shares after Pershing Square’s takeover bid for Universal Music Group. On the downside, Heidelberg Materials, Qiagen NV, RWE and Rheinmetall posted modest losses.