The DAX is the most changeable and cannot maintain its initial gains. Hopes for progress in the Iran conflict remain in the focus of investors.
The DAX entered Friday trading with a premium of 0.14 percent at 25,126.35 points. After that, it remained mostly positive before falling back to zero in the early afternoon. As the day progresses it appears changeable.
The hope of progress in the Iran conflict had already supported the US stock exchanges on Thursday and largely caused prices to rise in Asia.
The USA and Iran are apparently close to a preliminary agreement
According to US information, the USA and Iran are approaching an agreement on an extension of the ceasefire and further negotiations. But the hanging game isn’t over yet. Much progress has been made regarding a declaration of intent, but some points are still being worked on, said US Vice President JD Vance. An approval from President Donald Trump is still open. Tehran said that a provisional agreement had not yet been formulated and therefore had not been confirmed. Oil prices continued to fall in the morning.
Stock markets facing further swings?
This new development is calming the stock markets and causing oil prices and interest rates to fall, noted market analyst Thomas Altmann from QC Partners. “It shouldn’t surprise anyone that finding a compromise here can be difficult and time-consuming. And so, despite the current positive news situation, the stock markets still have to prepare for increased fluctuations,” the expert added.
DAX record last in January
The distance from the record level on the German stock market has hardly changed. 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.
Bettina Schneider, Alexandra Hesse, Martina Köhler, Evelyn Schmal, finanzen.net editorial team with material from dpa-AFX and Dow Jones Newswires