Frankfurt's DAX 40 soared 5.1% to close at 24,080 on Wednesday, the highest level in a month, buoyed by hopes of de-escalation in the Middle East after more than a month of conflict. The announcement of the US-Iran two-week ceasefire agreement sparked a global rally, even as tensions remain on the Israel-Lebanon front. Hopes that oil and gas flows through the Strait of Hormuz will resume pushed oil prices sharply lower, easing concerns over a prolonged energy crisis. Gains were seen across almost all sectors, with techs, industrials, banks, travel stocks and autos among the top performers. Infineon (11.9%), Siemens Energy (11.6%), Siemens (10.2%) and Heidelberg Materials (9.6%) posted sharp gains. Commerzbank (9.2%), Deutsche Bank (7%) and Lufthansa (8.3%) also advanced solidly. Auto stocks rose between 3.9% and 7%. The few decliners included Deutsche B