The German DAX rose sharply in the morning, moving into the green zone after a tentative opening. By around 12:30 p.m. German time the index hit roughly 22 950 points, a 2.6 % jump over the previous day’s close. The top performers were Brenntag, Adidas and SAP, while the bottom three were Vonovia, MTU and RWE.
The sudden shift in market sentiment is attributed to a statement by U.S. President Donald Trump. On his short‑form messaging platform Truth Social, Trump announced that the United States and Iran had conducted “very good and productive talks” over the past two days about a comprehensive settlement of their hostilities in the Middle East.
In the wake of these discussions, he directed the U.S. Department of Defense to suspend all military attacks on Iranian power plants and energy infrastructure for five days. This extended the original 48‑hour ultimatum to open the Strait of Hormuz.
Meanwhile, the euro strengthened against the dollar in midday trading, trading at 1 EUR = 1.1559 USD (or 1 USD = 0.8651 EUR). Brent crude oil prices fell following Trump’s remarks; at about noon German time a barrel of North Sea Brent fetched $101.50, down $10.70-or 9.5 %-from the previous day’s close.
