FRANKFURT (dpa-AFX) - Against a backdrop of rising oil prices, the Dax retreated moderately on Thursday. Investors reacted with more composure than on Monday to the latest spike in oil prices, which have now returned to around 100 US dollars. Furthermore, encouraging quarterly reports and corporate outlooks helped limit losses on the German stock market.
The German benchmark index ended the day down 0.21 percent at 23,589.65 points. A significant move back toward the low since May 2025 of around 22,930 points reached on Monday, which had been feared at times, did not materialize.
The MDax, which tracks mid-cap stocks, fell by 0.58 percent to 29,243.41 points. Losses were also recorded across Europe and in the United States. The Eurozone's leading index, the EuroStoxx, dropped 0.79 percent to 5,748.89 points. Markets in London and Zurich also weakened. Across the Atlantic, the Dow Jones Industrial and the tech-heavy Nasdaq 100 each shed just over one percent.
The development of oil and gas prices remains the primary driver for investors, as Iran, under attack by the US and Israel, increasingly targets the energy industry in the Gulf region. The release of strategic oil reserves announced by the International Energy Agency (IEA) the previous day failed to have a calming effect. According to UBS expert Henri Patricot, the release only buys time without fundamentally changing the situation./ck/mis
