DAX Gains Ground
Frankfurt's DAX 40 extended initial gains, rising 0.7% to around 25,540 on Tuesday afternoon, mainly driven by tech stocks, while declining oil prices also provided support. Market sentiment remains influenced by developments in the Middle East. US and Iranian officials reportedly continued talks through mediators, but Iranian officials privately expressed doubts that a ceasefire deal could be reached before the US midterm elections in November. The tech sector was the standout performer, particularly chipmaker Infineon Technologies (5.2%) and AI-related Siemens Energy (4.1%). Expectations around the upcoming White House AI summit also likely played a significant role.
7% to around 25,540 on Tuesday afternoon, mainly driven by tech stocks, while declining oil prices also provided support. Market sentiment remains influenced by developments in the Middle East. US and Iranian officials reportedly continued talks through mediators, but Iranian officials privately expressed doubts that a ceasefire deal could be reached before the US midterm elections in November. 1%).
Expectations around the upcoming White House AI summit also likely played a significant role.