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The DAX 40 jumped nearly 2% to approach 24,700 on Friday, marking its strongest daily gain since May 25 and moving in step with other major European indices, as sentiment improved on hopes for an end to the war with Iran. Oil prices retreated after President Trump canceled planned strikes on Iran that had been scheduled for Thursday evening and reiterated that a peace deal was close at hand.
Investor focus also shifted to the much-anticipated SpaceX IPO, which is expected to rank among the largest in history. Cyclical sectors led the advance, with banks, travel-related companies, energy-sensitive industrials, and automakers all posting robust gains. Deutsche Bank rose more than 5%, while Commerzbank added over 3%.
In the travel segment, Deutsche Lufthansa climbed about 3%, and tourism group TUI gained roughly 4.5%. Among industrial and automotive names, Heidelberg Materials, Airbus, MTU Aero Engines, Siemens Energy, Siemens, Volkswagen, and Mercedes-Benz Group were also standouts, each advancing between 2% and 5%.
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In contrast, defence stocks and select chemical companies lagged the broader market. Rheinmetall slipped about 1%, while Brenntag and BASF each declined by roughly 0.8%.
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