Iran agreement in focus: DAX changeable – 25,000 point mark only temporarily exceeded

At the starting bell, the DAX showed a premium of 0.25 percent to 24,996.54 points. The leading German index then fluctuated back and forth between gains and losses and repeatedly exceeded the 25,000 point mark. Most recently, thanks to moderate profits, it was trading above the round threshold again.

Agreement between Iran and USA in focus

It is somewhat relieving that the framework agreement between the USA and Iran comes into force with “immediate effect,” according to the mediating state Pakistan. Tehran will “immediately reopen” the Strait of Hormuz and the US will immediately lift the naval blockade of Iranian ports, Pakistani Prime Minister Shehbaz Sharif announced on the X messaging platform. US President Donald Trump and Iranian President Massoud Peseschkian had previously signed the agreement.

Fed key interest rate decision

Under the leadership of new Chairman Kevin Warsh, the US Federal Reserve did not implement the interest rate cuts demanded by US President Trump, but rather gave signals of tightening. Yesterday evening the central bank announced that it would not be affecting interest rates at the moment. “The updated forecasts, as well as Warsh’s repeated emphasis on price stability, prompted markets to bring forward their expectations for tighter monetary policy to October this year,” Commerzbank experts wrote this morning.

During the course of the day, the positive assessment of Warsh’s first appearance as the new head of the US Federal Reserve prevailed on the market. He is committed to price stability, which creates confidence, especially in the long-term bond sector.

DAX record last in January

The gap to record levels remains the focus for the German stock market at the moment. 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.

Thomas Zoller, Alexandra Hesse, Julia Walter, Bettina Schneider, finanzen.net editorial team with material from dpa-AFX and Dow Jones Newswires