FRANKFURT (dpa-AFX) - Following a brief period of stabilization, the German equity market shifted back into reverse on Thursday as uncertainty surrounding the conflict in Iran weighed on sentiment. Brent North Sea crude, which had dipped below 100 dollars on Wednesday morning, was recently trading well above that threshold at 109 dollars. Amid the ongoing hostilities with Iran, oil remains the primary barometer for market concerns regarding inflation and economic growth.
Consequently, the Dax closed 1.50 percent lower at 22,612.97 points. However, the index remained within Monday's range, a session characterized by spectacular intraday volatility of 1,300 points fueled by conflicting news reports. The MDax, which tracks medium-sized German companies, ultimately shed 1.93 percent to finish at 28,264.78 points.
The Middle East conflict continues to oscillate between saber-rattling and diplomacy, marked by contradictory statements. According to U.S. President Donald Trump, Iran is "begging" for a deal, as he posted on his Truth Social platform./edh
