Israel’s attack on Iran’s nuclear facilities makes the DAX drop significantly. The escalation in the Middle East burdens the markets that are concerned about the development.
A very weak start is emerging in the DAX on Friday after the Israeli attack on Iran’s nuclear facilities. In pre -interconnecting indications, he temporarily wrote 1.5 percent lower in 23,400 points.
The intermediate low of 23,274 points from mid -May. This threatens further unemployment in terms of chart in terms of chart after a record was reached in the previous week.
On June 5, the German leading index had reached a new all -time high at 24,479.42 points after the European Central Bank’s European Central Bank. On this day, the DAX also reached a new record on the final course basis at 24,323.58 points.
Focus on Israel-Iran-Iran tension
Israel’s military attacked Iranian nuclear facilities at night. On Thursday there had already been evidence of an upcoming danger in the form of withdrawing US embassy staff from neighboring Iraq. Overall, however, the most undervalued risk was the risk of a war in the Middle East – to this day, the market expert Stephen Innes commented from Spi Asset Management.
In the course of the Great Israeli attack in Iran, according to the International Atomic Energy Agency (IAEA), one of the most important Iranian nuclear systems has become the goal. In addition, their commander was killed in an attack on the headquarters of the High Command of the Revolutionary Guard.
Oil prices react most to development. They are currently shooting around 8 percent upwards in view of the risk of production failures in the region in the course of the escalation. Brent oil costs $ 76 per barrel, which is the highest price since January. While Israel speaks of a preventive strike, the continued work of Iran is based on his nuclear program, Iran has already announced countermas.
How the markets should react
Dealers therefore expect the usual reaction pattern for Friday: “Purely in safe ports such as bonds and gold, out of risky facilities such as stocks,” comments a dealer.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires