The ceasefire between Israel and Iran recently let the investors breathe a sigh of relief and should continue to ensure relaxation on the German stock market for the middle of the week. This is how the German leading index Dax moves into plus before starting the stock market.
The DAX moves on positive terrain in pre -exchanging trade in the middle of the week. So it should go up a little further on Wednesday. “Today’s trade start will be positive again,” predicted analyst Martin Utschneider from Finanz ethos. The next target brand for the leading index is around 23,800 points.
On Tuesday, the leading index left its recent downward trend, which he had hit after the record in early June after the ceasefire between Israel and Iran became known.
Dax record remains away
On June 5, the German leading index had reached a new all -time high 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.
Waffen rest between Israel and Iran
According to US President Donald Trump, a ceasefire is said to have come into force between Israel and Iran. Iran’s state broadcasting confirmed the ceasefire, shortly afterwards the Israeli government. As a result, the most important risk parameter was also clear: oil prices again reached courses of well below $ 70 per barrel. There were mutual allegations from the warring parties that the ceasefire had been injured. According to US President Donald Trump, it is still in force. Israel will not attack Iran that all planes would reverse, the Republican wrote on his TRUTH social news platform.
“Yesterday the tension has escaped,” wrote market expert Thomas Altmann from QC Partners with a view of the ceasefire between Israel and Iran. However, this will not ensure a permanent upward movement. “Positive news in the form of increasing corporate profits or promising economic data will be necessary”.
Redaktion finanzen.net / dpa-afx