DAX/MDAX quality 2026–2029: Ten stocks due to the interest rate shock

Goal: A balanced EUR portfolio made up of ten German quality stocks that can withstand the cycle of the Iran war, Brent >100 USD and the ECB interest rate increase (deposit rate 2.5% since 2026-09-10, Reuters) for three years. Horizon 3 years, risk class balanced; DAX at 25,231 after record on 2026-09-19, as of 2026-10-04. Currency risk: EUR basis, all stocks in EUR - direct FX risk zero, but SAP, Siemens, Infineon and Merck earn >50% in USD/Asia, a weaker dollar (EUR/USD 1.126) costs margin. Rules: No title >15%, subsequent purchases only in the buy zone, partial sales in the sell zone, rebalancing every six months. What the portfolio is not: not a tech concentrate and not a dividend-only portfolio - insurers provide cash flow, Infineon/Rheinmetall provide beta.