The DAX 40 extended its run of gains into a fourth consecutive session on Tuesday, rising 0.8% to fresh record highs above 26,200. The ongoing earnings season remained in focus, while investors also tracked developments in the Middle East and weighed mixed signals from Washington and Tehran over prospects for peace negotiations. Among key movers, Bayer gained more than 4% after beating Q2 estimates and reaffirming its 2026 sales outlook. By contrast, Zalando plunged over 17% as the online fashion retailer lowered its full-year sales outlook to the bottom end of its previous guidance range, despite reporting better-than-expected second-quarter net income, driven by the integration of ABOUT YOU. Lufthansa dropped 4% after reporting weaker-than-expected profits and lowering its outlook, while Hugo Boss also came under pressure after posting steep declines in sales and EBIT.