FRANKFURT (dpa-AFX) - The Dax maintained its momentum from the start of the week on Tuesday, although it surrendered a large portion of its gains during the afternoon session. Investors welcomed news that US President Donald Trump has postponed an allegedly planned strike against Iran. Hopes for a diplomatic breakthrough had already begun to emerge on Monday, after the benchmark index initially retreated under the weight of surging oil prices.
The Dax ended the session up 0.38 percent at 24,400.65 points. This move brings the index closer to the psychological 25,000-point threshold, which it last tested nearly two weeks ago. In contrast, the MDax, which tracks mid-cap German stocks, edged down 0.34 percent to 31,331.71 points.
On Monday evening, Trump announced that he had called off a strike against Iran, reportedly scheduled for this Tuesday, at the request of several Gulf states. 'Serious negotiations' with Tehran are underway, the US President wrote on the Truth Social platform. However, according to the 'Wall Street Journal', several Gulf state officials have stated they were unaware of the alleged plan for an attack on Iran mentioned by Trump./bek/jha/
