FRANKFURT (dpa-AFX) – The attack on Iran called off by US President Donald Trump led to falling oil prices on Friday and is likely to boost the German stock market. Just under an hour before trading began, the X-DAX, an over-the-counter indicator for the DAX, signaled an increase of 1.4 percent to 24,552 points. The leading index is likely to move away from the 200-day line, which recently gave it support.
Trump had canceled the attacks on Iran he had announced for Thursday evening and once again held out the prospect of an imminent framework agreement. “We just reached a great agreement in the war with Iran,” Trump claimed at the White House. The documents should be finalized shortly and perhaps signed in Europe as early as this weekend. But there was a denial from Iran.
As the day progresses, SpaceX, the largest IPO of all time, comes into focus, which will soon be followed by the AI platforms Anthropic and OpenAI. With a valuation of almost 1.8 trillion dollars, Elon Musk’s space company is immediately worth more than the Facebook group Meta (Meta Platforms (ex Facebook)), although the pure business figures are in stark contrast. According to Eckhard Schulte of MainSky Asset Management, the success of the IPOs is important to confirm the vitality of the AI investment story.
Fraport’s shares reacted to current traffic figures in pre-market trading on the Tradegate trading platform with a price increase of 2.7 percent. The airport operator increased the number of passengers in Frankfurt by 2.7 percent in May despite the Middle East conflict.
The shares of flatexDEGIRO rose by 3.8 percent on Tradegate. The British investment bank Barclays rated the online broker as “Overweight” with a price target of 41 euros. Flatex offers the strongest earnings growth among European trading platforms, wrote Grace Dargan./edh/stk