The DAX 40 traded near the flatline around 24,400 on Wednesday, as caution prevailed amid renewed US attacks on Iran following the downing of a helicopter in the Strait of Hormuz. Tehran then attacked US bases in the Gulf region and in Jordan. However, the latest developments had a limited effect on oil prices, as hopes for a peace deal remained alive. Meanwhile, traders looked ahead to tomorrow’s ECB policy decision and updated macroeconomic projections. Infineon Technologies and Qiagen NV were among the top performers, both adding about 2%. Adidas, Fresenius SE & Co and Gea Group followed closely, advancing around 1% each. SAP was the main laggard, declining more than 2%.

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