Frankfurt’s DAX 40 edged up 0.3% on Tuesday, following a downbeat session the day before, as traders continued to monitor the situation in the Middle East while keeping a close watch on earnings. The US and Iran exchanged attacks in the Gulf on Monday amid rising Strait of Hormuz tensions, while Maersk said a vessel successfully exited the Gulf through the strait under US military escort. Among stocks, Scout24 climbed 2.6% after JPMorgan maintained its Buy rating, with the price target at €83. Rheinmetall rose 1.4% following a 7.7% yoy increase in first-quarter earnings and the reaffirmation of its full-year revenue and margin guidance. Outside the main index, Hugo Boss shares surged 4.7% after posting a quarterly operating profit above expectations, despite a year-on-year decline. Fresenius Medical Care led losses, falling more than 5%, as it reported a decline in Q1 net profit that exceeded market expectations, driven by significant currency effects and restructuring-related costs.

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