The ceasefire between Israel and Iran lets investors breathe a sigh of relief and ensures relaxation on the German stock market. The German leading index DAX will be driven strongly on Tuesday.
With an increase of 1.81 percent at 2,3689.19 points, the DAX gets into Tuesday trading and is also very strong afterwards. The leading index is leaving its recent downward trend, which he had taken after the record in early June.
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. However, there are reports on a new Iranian rocket attack on Israel despite the agreed armistice.
According to market observer Thomas Altmann from QC Partners, investors currently have to adapt to a new situation in the Middle East every day. “There is now a legitimate hope that the military argument between Israel and Iran ended last night,” he wrote. And this hope is now priced in the stock exchanges.
Ifo index increases as expected
Fundamental in Germany on Tuesday also focuses on the IFO business climate index. As expected, he continued to brighten up in June. The indices for the situation assessment and business expectations also attracted.
In the United States, the focus is on a hearing from Fed leader Jerome Powell in front of the Finance Committee of the House of Representatives. It is eagerly awaited how he defends the pressure from Trump there to loosen the interest.
Redaktion finanzen.net / dpa-afx