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17.04.202616:13:45UTC+00DAX Rallies to 7-Week High

The DAX jumped more than 2% on Friday to close just below 24,700, its highest level since February 27, after Iran announced that the Strait of Hormuz had been fully reopened to commercial shipping. The sharp rebound was also driven by comments from US President Donald Trump indicating that the war could be nearing an end, boosting risk appetite. Sentiment improved further after a 10-day ceasefire between Israel and Lebanon took effect on Thursday, supporting global equity markets.

Among individual stocks, Infineon rallied more than 6%, while Airbus advanced nearly 5%. Siemens and Siemens Energy each gained over 3%, and SAP together with Deutsche Bank added more than 2.5%. Deutsche Telekom, Allianz and Munich Re also notched solid increases. By contrast, utilities and some industrial names lagged: RWE dropped 4% and E.ON lost nearly 2%. Mercedes-Benz declined close to 2%, and Rheinmetall slipped about 0.6%.

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