FRANKFURT (dpa-AFX) - Hopes for a swift end to the war in Iran, coupled with an easing of tensions in the oil market, propelled the Dax back above the 24,000-point mark at times on Tuesday. Ultimately, the German benchmark index ended the day with a gain of 2.39 percent at 23,968.63 points. Investor risk appetite reached its limits at the psychological round number.
The Dax, which had slumped to its lowest level since May 2025 the previous day, continued to move inversely to the fluctuations in oil prices. On Monday morning, the price of Brent crude had briefly climbed to nearly 120 US dollars per barrel. A counter-movement then set in during trading and accelerated after the European market close and into Tuesday morning.
The catalyst was US President Donald Trump initially considering the release of strategic oil reserves, followed by media reports that he was also weighing a relaxation of oil sanctions against Russia. In a telephone interview with the US broadcaster CBS News, Trump finally declared the war in Iran to be "virtually over."
Chief Market Analyst Jochen Stanzl from Consors Bank nevertheless remained cautious: "The danger for the stock markets has not been averted." The question remains whether Iran shares the same view. Furthermore, there was no confirmation of Trump's statements from Israel, only a comment from Foreign Minister Gideon Saar that "no endless war is sought."
The MDax, the index for medium-sized German companies, finished trading up 2.94 percent at 29,723.08 points. The Eurozone's leading index, the EuroStoxx 50, gained 2.67 percent to reach 5,837.17 points, while the stock exchanges in London and Zurich also recorded recovery gains.
In the US, the major indices were posting moderate gains at the time of the European market close. Both the Dow Jones Industrial and the Nasdaq 100 rose by 0.6 percent./ck/mis
