The DAX appeared directionless on Thursday after its latest record run and hovered just below the 25,300 mark.
The DAX initially did not take a clear direction on Thursday: at the start of trading it fell slightly. After that it stayed near the zero line for a long time. In the late afternoon, the leading index climbed into the profit zone. There he says goodbye to the end of the day with gains of 0.26 percent at 25,352.39 points.
The latest DAX record
It was only on Tuesday that the DAX hit an all-time high of 25,507.79 points, exceeding the 25,500 point threshold for the first time in its history. Ultimately, it ended the day at 25,420.66 points, which was a new record based on the closing price.
Investors are monitoring the situation in Iran and around Greenland
The mood on Thursday was supported by the sharp fall in oil prices. Statements by Trump on Wednesday evening gave hope that military action by the United States against Iran is not imminent. Trump said he had been assured that Iran would stop killing protesters. This may indicate that he may refrain from threatening a military response to the crackdown on the nationwide demonstrations.
In addition, the situation around Greenland remained under review following talks between the USA and Denmark. Top officials from Denmark and Greenland said after a visit to the White House that they were unable to persuade President Donald Trump to abandon his ambitions to annex Greenland. Danish Foreign Minister Lars Løkke Rasmussen said the meeting was a positive step forward, even if it did not change Trump’s mind on the matter. A “fundamental disagreement” remained, he said, although talks would continue.
US banks’ accounting season still in sight
At midday, other US financial companies followed with figures – BlackRock, Goldman Sachs and Morgan Stanley.
Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires
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