On the German stock market on Wednesday, investors initially waited for further developments in the Iran war and held back.
The DAX started a marginal 0.07 percent higher at 24,060.97 points and continued to hover around the zero line.
Investors continue to hope for detente between the USA and Iran
Investors are eagerly awaiting whether there will actually be another round of talks between Iran and the US in the coming days. The market mood had recently improved, even though initial discussions were broken off without any results. In the context of internationally rising prices, the return of the DAX above 24,000 points also shows that there is still belief in detente in the face of an ongoing ceasefire.
US President Donald Trump told US television channel Fox News that he sees the war in Iran nearing its end. “Something could happen in the next two days” in Pakistan, he previously told the New York Post on the phone, without giving any further details.
Oil prices continue to fall
Meanwhile, oil prices fell further on Wednesday, supporting sentiment somewhat. The price for a barrel (159 liters) of North Sea Brent crude oil for delivery in June is currently well below the psychologically important mark of $100.
US banks’ accounting season continues
Aside from the war, the figures from other US banks such as Bank of America and Morgan Stanley are likely to come into focus over the course of the day.
DAX record last in January
On January 13th, the DAX reached 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.
Carolin Ludwig, editorial team at finanzen.net with material from dpa-AFX
