Frankfurt’s DAX 40 rose 0.5% to around 24,500 on Tuesday after a weak start to the week, buoyed by hopes of renewed talks between Washington and Tehran and the potential reopening of the Strait of Hormuz. The United States has expressed cautious optimism that negotiations with Iran will resume in Pakistan, even as uncertainty persists ahead of the ceasefire deadline. At the same time, fresh optimism around AI provided additional support. Among stocks, chemicals group Brenntag led gains, up 2.2%, with Symrise also higher (1.5%). SAP gained 1.6% and Allianz added 1.5% after Goldman Sachs reaffirmed its buy rating and lifted its price target to €450 from €410. On the downside, Beiersdorf underperformed (-2.7%) after reporting a drop in its quarterly sales, citing weak performance in its core brand and luxury division. MTU Aero Engines (1.5%) and Deutsche Telekom (-1.2%) were also among the top losers.
