FRANKFURT (dpa-AFX) - On the tenth trading day since the outbreak of war in Iran, the Dax is shaping up for a quiet start. Nearly three hours before the Xetra open, broker IG pegged the German benchmark index 0.1 percent higher at 23,617 points. This would put the Dax slightly up for the week, after having plunged as low as 22,927 points on Monday.
Developments in the energy market are currently the primary guide for investors, as oil and gas prices serve as the barometer for economic and inflationary concerns. For now, the situation remains relatively calm. The price for a barrel (159 liters) of North Sea Brent is hovering around 100 US dollars, after having spiked to its highest level since 2022 at nearly 120 dollars on Monday.
However, the mood could turn volatile at any moment. Iran is threatening attacks on the region's oil and gas reserves and has already targeted oil tankers in the Persian Gulf./ag/zb
