FRANKFURT (dpa-AFX) - The Dax posted a robust opening on Tuesday, further distancing itself from the 24,000-point threshold. Investors initially welcomed the news that U.S. President Donald Trump has deferred a reported renewed strike against Iran. Hopes for a de-escalation had already begun to take hold the previous day, after the benchmark index initially slumped to 23,797 points under the weight of surging oil prices.
In early trading on Tuesday, the Dax gained 0.55 percent to reach 24,441 points, trending toward last week's high of nearly 24,500 points. The MDax, which tracks mid-cap German stocks, also climbed by just over half a percent to 31,593 points this morning. On the European stage, the Eurozone's blue-chip EuroStoxx index rose by 0.3 percent.
On Monday evening, Trump announced that he had called off a strike on Iran that was allegedly scheduled for Tuesday. He stated that several Gulf nations had requested a delay of a few days. 'Serious negotiations' with Tehran are currently underway, the U.S. President wrote on the Truth Social platform./tih/stk
