Hopes for relaxation could no longer support the German leading index: after temporary gains, the DAX ultimately posted losses.
At the opening of the stock exchange, the DAX recorded a small discount of 0.11 percent to 24,589.29 points. As he progressed, he worked his way into green territory before heading back downhill. Ultimately, the stock market barometer fell by 0.74 percent to 24,433.06 points.
Investors don’t know where to go
“Between the noise of the crisis, question marks about monetary policy and AI euphoria as a structural growth driver, investors are currently lacking a reliable navigation signal. Without clear guard rails, the market environment remains difficult to navigate,” commented market expert Timo Emden.
Uncertain situation in the Iran war continues to cause caution – but oil prices are falling
The general mood is that there will be no new fighting in the Middle East conflict after Israel and Iran announced a ceasefire the day before. Meanwhile, US President Donald Trump continues to exude confidence about an early agreement with Iran. This is reinforced by statements from the Iranian ambassador to the UN, who suggested the end of June as a possible date for an agreement.
Against this background, the slightly falling oil price also has a supportive effect. This dampens concerns about inflation.
DAX record last in January
The distance from the record level for the German stock market is currently not decreasing. 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.
Carolin Ludwig, Alexandra Hesse, Julia Walter, Martina Köhler, Evelyn Schmal, finanzen.net editorial team with material from dpa-AFX and Dow Jones Newswires