DAX 40 stabilizes amid ongoing Middle East uncertainty

The Frankfurt Stock Exchange showed signs of stabilization on Monday, recovering from the previous week's losses. Trading activity was subdued as market participants remained cautious due to persistent uncertainty surrounding the Middle East conflict.

The DAX 40, the selective index of the Frankfurt Stock Exchange, closed Monday with a marginal gain of 0.06%, reaching 24,846.69 points. The TecDAX, which tracks technology stocks, also saw a modest increase of 0.03%, closing at 3,771.59 points. In contrast, the MDAX, representing mid-cap companies, experienced a slight decline of 0.58%, ending the day at 31,680.71 points.

Oil prices held at elevated levels, despite beginning the week with minor decreases. This stability comes as Iran suggested the possibility of new negotiations with the United States. Tehran's Foreign Ministry confirmed receiving proposals from mediators aimed at de-escalating regional tensions, following nine consecutive days of crossfire. However, the situation remains volatile, with Houthi rebels in Yemen declaring a maritime blockade against Saudi Arabia on Monday, a move that could further increase regional instability.

Among individual stocks, energy company RWE saw a significant gain of 3.68%, closing at 58.06 euros. Siemens' energy division also performed well, rising 3.49% to 152.82 euros. Medical technology firm Fresenius also advanced, gaining 3.16% to reach 43.05 euros. On the downside, pharmaceutical company Bayer fell 2.39% to 47.30 euros, chemical company Brenntag dropped 2.39% to 58.12 euros, and aerospace manufacturer MTU Aero Engines decreased by 2.22% to 334.10 euros.