The Dax opened higher on Wednesday, breaking through its previous all-time high as investors digested growing optimism regarding a diplomatic resolution to the Iran conflict.
The German benchmark’s ascent was bolstered by a synchronized rally in technology shares and a continued decline in crude oil prices, which have eased concerns over supply disruptions in the Middle East.
This marks the latest leg in a sustained upward trajectory for European equities.
The index had previously climbed to record levels on Friday, driven by similar geopolitical de-escalation hopes and strong performance on Wall Street.
The current session’s gains reflect a broadening of that momentum, with traders increasingly pricing in a lower risk premium for energy and shipping costs.
The market’s reaction underscores the sensitivity of European equities to geopolitical risk.