FRANKFURT (dpa-AFX) - Investor hopes for continued peace efforts in Iran remain palpable this Thursday. Indications from broker IG place the Dax 0.2 percent higher at 24,120 points two hours before the Xetra open. Holding above the 24,000-point threshold, the index could once again test its 200-day moving average, which currently sits at 24,104 points.
Tailwinds are blowing in from New York, where at least two indices - the broad-market S&P 500 and the tech-heavy Nasdaq 100 - notched new record highs the previous evening. There, too, sentiment was bolstered by hopes for further diplomatic talks between the US and Iran, alongside persistent optimism surrounding Artificial Intelligence technology. Meanwhile, oil prices remain significantly below the 100-dollar mark.
According to market observer Thomas Altmann of QC Partners, "hopes for a lasting peace live on." From an economic perspective, however, this merely represents the "starting signal for a long and rocky road back to orderly and predictable energy markets." In any case, the expert noted with regard to the US records that current prices bake in a significant dose of optimism./tih/zb
