FRANKFURT (dpa-AFX) - Investors on the German stock market are likely to adopt a wait-and-see approach on Wednesday as they monitor further developments regarding the conflict in Iran. Indications show the Dax trading slightly lower two hours before the Xetra open, though it remains just above the psychologically significant 24,000-point mark. The broker IG recently pegged the German benchmark index 0.1 percent lower at 24,019 points.
Market participants are anxiously watching to see if another round of talks between Iran and the U.S. will indeed take place in the coming days. Market sentiment has improved recently, even though initial discussions were broken off without result. In the context of recovering international prices, the Dax's return above 24,000 points also suggests that, given the ongoing ceasefire, there is continued belief in a de-escalation.
U.S. President Donald Trump told the U.S. television network Fox News that he sees the war in Iran nearing its end. In Pakistan, "something could happen in the next two days," he had previously told the "New York Post" by telephone, without providing further details. Aside from the conflict, the focus is expected to shift later in the day to the earnings reports of further U.S. banks, including Bank of America and Morgan Stanley./tih/men
