Frankfurt’s DAX 40 surged 2.7% to close at 23,298.9 on Wednesday, after posting its worst month since March 2020, amid renewed hopes that the Iran war could end soon. US President Trump said American troops would leave in two to three weeks, with or without a deal. On the Iranian side, President Massoud Peseshkian expressed openness to a ceasefire, provided security guarantees are ensured. Siemens Energy and Rheinmetall led the way, gaining 6.8% and 6.6%, respectively. Other top performers included Infineon, Continental, Siemens, Airbus and MTU Aero Engines, adding between 4.5% and 5.7%. Deutsche Bank and Commerzbank rose 5.4% and 4.7%, respectively. Among the few losers, BASF saw the biggest decline, falling nearly 3%.

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