Germany: DAX Ends May Month Higher.

The DAX 40 finished 0.1% higher at 25,113 on Friday and ended May up 3.4%, supported by rising hopes of a near-term US–Iran agreement. In the latest developments, US President Trump said he was meeting in the White House Situation Room to make a final determination on a deal with Iran. Meanwhile, oil prices fell to more than one-month lows, providing some relief to inflationary pressures. Flash estimates showed the EU-harmonised annual inflation rate in Germany eased to 2.7% in May from 2.9% in April, slightly below forecasts of 2.8%. SAP (+2.8%) and Zalando (+3.0%) were among the top performers, while Bayer (-3.9%), Siemens Energy (-2.8%), and Beiersdorf (-2.8%) underperformed.