The German stock market rose significantly on Friday.
That’s how he opened DAX was already higher and continued to increase afterwards. The barometer moved closer and closer to the round mark of 25,000 points. Ultimately, however, it wasn’t enough to skip this: the German leading index went into the weekend 1.15 percent higher at 24,888.56 points.
The TecDAX started just as strongly and subsequently increased its profits. He also had a strong start to the end of the day with a gain of 2.16 percent at 4,044.31 points.
This brings the round mark of 25,000 points and the correction trend just above it since the record in mid-January on the DAX within reach again. On Asian stock markets, a rally in the technology sector continued on Friday, this time with a focus on Japan and Taiwan.
In addition, the stock market continued to bet on an agreement between the USA and Iran. According to Iranian information, 35 ships are said to have passed through the Strait of Hormuz, which is important for energy trade, in the past 24 hours. According to the information, these were oil tankers, freighters and other merchant ships.
“Global stock markets continue to show remarkable resilience in the face of high oil prices and the sell-off in bond markets,” wrote Barclays expert Emmanuel Cau. But he warned that the headlines are constantly changing quickly these days. Investors remained torn between hope and fear.
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Investors took bold action on the European stock exchanges on Friday.
The EURO STOXX 50 started trading in a friendly manner and remained in green territory throughout. His final score: 6,026.67 points (+1.11%).
Investors took more risk with the headlines from the Middle East conflict, and the latest developments in the negotiations between the USA and Iran were interpreted positively. According to US Secretary of State Marco Rubio, Pakistani mediators traveled to Iran.
“However, both countries are still far apart when it comes to the question of enriched uranium,” said market strategist Thomas Altmann from QC Partners. Iran’s planned tariffs for the Strait of Hormuz could also cause complicated discussions. That is why the hope for peace is currently only being bought very cautiously on the stock exchanges. Developments remain fragile and the pendulum of risk sentiment can swing in one direction or the other depending on the news.
The ifo index from Germany was favorably noted.
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Investors on the US stock exchanges continued to take action ahead of the long weekend.
This is how he showed himself Dow Jones Industrial At the end of trading on Friday, it was 0.58 percent firmer at 50,579.70 points. At 50,830.24 points, the US traditional index reached a new record high in trading.
Also the tech stocks index NASDAQ Composite closed with gains and finished 0.19 percent higher at 26,343.97 points.
The mood was supported above all by the hope that an agreement could be reached soon in the Middle East conflict.
At the same time, it remained unclear whether the talks between the USA and Iran would actually lead to a result. Before the long weekend in the USA, investors could therefore act more cautiously and avoid risks. The recently slightly higher oil prices also show that the uncertainty on the markets has not disappeared. According to market analyst Andreas Lipkow, investors remain cautious because negotiations are making slow progress and there are still points of contention that could prevent an agreement.
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The stock exchanges in the Far East showed green signs on Monday.
In Tokyo the booked Nikkei 225 temporarily strong gains of 3.14 percent and rose to 65,329.37 points. This means that the barometer exceeds the round mark of 65,000 points for the first time.
On the Chinese mainland the Shanghai composite however, 0.57 percent to 4,136.25 units.
Things are also looking up in Hong Kong: The Hang Seng quoted 0.86 percent higher at 25,606.03 places.
Sentiment on East Asian stock markets is benign on Monday, supported by the ongoing rally in chip stocks on Wall Street. In addition, new hopes for a possible peace agreement in the Middle East conflict are easing tensions on the markets. As a result, oil prices come under significant pressure and fall to their lowest level in five weeks.
According to the US President Donald Trump A memorandum of understanding on reopening the Strait of Hormuz has already been largely negotiated. At the same time, Trump tempered expectations by emphasizing that there was no rush to reach an agreement. Axios had previously reported that, among other things, an extension of the ceasefire by 60 days, the reopening of the Strait of Hormuz and unrestricted oil exports from Iran are being discussed. However, the reports remain uncertain as no agreement appears to have been reached on Iran’s nuclear program.
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