The losses at the start of the week on the German stock market were followed by price gains on Tuesday – the Middle East conflict remains in focus.
After the previous day’s losses, the DAX started Tuesday trading with an increase of 0.37 percent at 24,508.20 points. Over time, the plus increases somewhat.
Hope for talks between USA and Iran
The Iran war remains the main topic on the floor. It remains uncertain whether negotiations between Iran and the USA will continue shortly before the ceasefire expires this Wednesday. “The hope on the stock exchanges is that a second round of personal talks will take place between the USA and Iran,” wrote analyst Thomas Altmann from asset manager QC Partners. The stock markets continued to bet on an end to the military conflict in the Middle East and a gradual normalization of the energy markets.
According to media reports, the US delegation led by US Vice President JD Vance is about to leave for Pakistan. “As long as words and no missiles are exchanged between the USA and Iran, investors will hold on to their stock positions in the hope of further price gains,” wrote analyst Jochen Stanzl from Consorsbank. A lot now depends on the negotiations. However, Thomas Altmann warns: If the talks fail or do not take place at all, the potential for disappointment on the stock exchanges is correspondingly high.
DAX record last in January
Despite the current recovery, the gap to record levels remains. On January 13th, the DAX reached an all-time high of 25,507.79 points. Ultimately, it ended trading that day at 25,420.66 points, which also set a record based on the closing price.
Julia Walter, Claudia Stephan, finanzen.net editorial team with material from dpa-AFX
