30 pm-2..6 % above the previous closing level. At the top of the index were Brenntag, Adidas, and SAP, while Vonovia, MTU, and RWE sat at the bottom of the list.
The sudden shift in sentiment is likely due to a message from U.S. President Donald Trump. On his Truth Social account, Trump said that over the past two days the United States and Iran had engaged in “very good and productive talks about a complete and comprehensive settlement of our hostilities in the Middle East”. He described the discussions as “deep, detailed, and constructive” and announced that they would continue throughout the week. Trump ordered the Department of Defense to suspend all military strikes on Iranian power plants and energy infrastructure for five days, effectively extending the original 48‑hour ultimatum to reopen the Strait of Hormuz.
The euro was a touch stronger at midday: one euro bought 1.1559 U.S. dollars, meaning one dollar was equal to 0.8651 euros.
Oil prices fell noticeably following Trump’s remarks. At about 12:00 pm German time, a barrel of Brent crude traded at $101.50, down $10.70-or 9.5 %-from the previous day’s closing price.