FRANKFURT (dpa-AFX) - Hopes for a continuation of US-Iranian peace talks are expected to drive a positive opening on the German stock market this Tuesday. Approximately two hours before the Xetra start, broker IG pegged the Dax 0.6 percent higher at 23,890 points. The benchmark index had already significantly narrowed its losses at the beginning of the week. For the time being, the 24,000-point mark remains in focus, a level where the recovery faced resistance last week.
After direct negotiations between the US and Iran initially concluded early Sunday morning without an agreement, Donald Trump is reportedly ready to continue talks, according to unconfirmed US media reports. According to the US President, the Iranians had already reached out to the United States the previous day. His blockade of the Strait of Hormuz had commenced on Monday.
Asian markets also benefited from this optimism on Tuesday, while oil prices have retreated below the 100-dollar mark. According to Commerzbank, markets appear to be pricing in the likelihood of an agreement before the two-week ceasefire expires in a week's time. However, the bank's experts cautioned this morning that the differences between the two sides likely remain substantial./tih/zb
