The Dax is set to open with gains on Tuesday, according to price action in the futures markets. Following the provisional breakdown of peace talks between Iran and the U.S. over the weekend, the German benchmark index had slipped 0.3 percent to 23,742 points on Monday. On Wall Street, however, the three major indices turned positive during the session after initial losses, following President Donald Trump's statement that Iran sought an agreement.

Investors remain focused on the Strait of Hormuz, a critical artery for global energy trade. U.S. Vice President JD Vance told Fox News in an interview that progress had been made in negotiations and that the U.S. expects Iran to reopen the shipping lane.

On the corporate front, BMW will be the last German automaker to release its first-quarter sales figures this morning. Much like its competitors from Stuttgart and Ingolstadt, the figures are expected to bear the marks of U.S. tariffs and the persistent slowdown in the Chinese market. In contrast, the outlook for Europe appears more favorable.

Following Goldman Sachs, U.S. banking giants JPMorgan and Citigroup will present their first-quarter results later today. Analysts anticipate higher profits driven by flourishing investment banking activity. However, investor attention is centered on how these financial institutions assess the future in light of the consequences of the conflict with Iran. New estimates from the International Monetary Fund (IMF) are expected to show the extent to which the Middle East war is slowing the global economy. It is already certain that growth will be lower and inflation higher, though the exact magnitude remains to be seen.

Closing prices of European Level  

Stock Indices and

Futures on Monday

Dax 23,742.44    

EuroStoxx50 5,905.02    

EuroStoxx50 Future 5,846.00    

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Closing prices of Level Change in

U.S. Indices on Monday Percent

Dow Jones 48,218.25   +0.6%  

Nasdaq 

S&P 500  6,886.24   +1.0%  

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Asian Indices on Prices at 07:00 Change in

Tuesday CET Percent

Nikkei  57,801.45   +2.3%  

Shanghai 4,010.45   +0.6%  

Hang Seng 25,770.40   +0.5%  

(Report by Stefanie Geiger, edited by Ralf Banser. For inquiries, please contact our editorial office at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets)