In view of new records on the US stock exchanges the evening before, the German leading index is higher in Tuesday trading.
On Tuesday, after a weak start to the week and month, the DAX is looking up. At the opening there was an increase of 0.78 percent to 25,197.90 points on the price board. The leading index can expand its profits in further XETRA main trading.
The start of the new week and June was mixed the day before, with a daily range of 400 points around the round mark of 25,000 points with a daily low of 24,901 points and a daily high of 25,301 points.
New records on US stock exchanges
On the US stock market, the AI-driven record hunt in the S&P 500 and NASDAQ 100 continued on Monday. The Dow Jones Industrial also reached a new high. Meanwhile, there is profit-taking in the Japanese Nikkei 225 and the South Korean KOSPI in the morning. However, oil prices are also falling slightly.
Peace negotiations between the USA and Iran remain in view
The lasting peace agreement between the USA and Iran, which has been hoped for for weeks, is still a long time coming. At least negotiations are continuing, US President Trump even spoke of a “fast pace”. He told US broadcaster ABC in a telephone interview that he thought he would reach an agreement with Iran “next week” to extend the ceasefire and reopen the Strait of Hormuz. But he still needs to clarify some points.
Israel and the Hezbollah militia would initially stop their attacks on each other, Trump also announced on his platform. In addition, contrary to what was threatened, Israel will not send troops to the Lebanese capital Beirut. However, Israeli Prime Minister Benjamin Netanyahu later issued a statement that made no mention of a new ceasefire. However, he appeared to back away from his announcement that Hezbollah would attack the southern suburbs of Beirut.
If “Israeli aggression against Lebanon” continues, they will “not only stop the negotiation path, but also enter into a direct confrontation with the enemy,” wrote Iran’s parliament speaker Mohammad Bagher Ghalibaf on X after a conversation with his Lebanese counterpart Nabih Berri.
DAX record last in January
The distance from the record level on the German stock market has hardly changed. 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.
Carolin Ludwig, Melanie Schürmann, finanzen.net editorial team with material from dpa-AFX and Dow Jones Newswires