27.04.202607:55:31UTC+00DAX Slightly Higher

Frankfurt’s DAX 40 rose 0.3% to around 24,200 on Monday, as traders monitored developments in the Middle East and prepared for a busy week of central bank meetings and corporate earnings. Reports indicated that Iran has submitted a new proposal aimed at reopening the Strait of Hormuz and ending its conflict with the United States, fueling cautious optimism over a potential breakthrough. However, peace efforts remain stalled, with the second round of negotiations, originally scheduled for the weekend, now cancelled. Markets are also focused on upcoming policy decisions from the Federal Reserve and the European Central Bank. While interest rates are expected to remain unchanged, the ECB is anticipated to signal a more hawkish stance. On the data front, German consumer confidence fell more than expected in May, dropping to its lowest level in more than three years.