FRANKFURT (dpa-AFX) - At the end of a weak week, the German stock market recovered somewhat. The most important indices rose again on Friday. However, the war between Israel and Iran remains the dominant topic on the stock markets.
The leading index, the DAX, gained 0.7 percent to 23,210 points in early trading. This puts it back above its 50-day average and the 23,000-point mark, which it had almost fallen back to the day before. The stock market barometer is heading for a weekly loss of more than one percent.
The MDax index of medium-sized stocks was up 0.8 percent on Friday at 29,363 points. The Eurozone's leading index, the EuroStoxx 50, rose by 0.6 percent.
Investors are eagerly watching Geneva, where the foreign ministers of Germany, France, and Great Britain are set to negotiate with their counterpart from Tehran on Iran's nuclear program. Against the backdrop of possible US intervention alongside Israel in the war with Iran, the European ministers aim to persuade Iran to back down on its nuclear plans.
Meanwhile, immediate US involvement in the war no longer seems quite so likely. The White House still sees "considerable opportunity" for negotiations with Iran. According to his spokeswoman, US President Donald Trump wants to wait and see how things develop and will decide on possible military action within the next two weeks. /la/jha/
