On Thursday, the DAX moved into the green zone by midday after a weak start to the trading day. Around 12:30 p.m., the benchmark index had been calculated at roughly 24,300 points-up 0.4 percent above the previous day’s closing level. At the top of the equities list were Adidas, Symrise, and MTU, while the bottom included Deutsche Post, Qiagen, and Fresenius.
Rumours that Iran might be willing to negotiate over its nuclear programme once again lifted markets, sending the DAX into positive territory, said Andreas Lipkow, chief market analyst at CMC Markets. “But subsequent military escalations followed, and many on the trading floor are questioning who could speak with the United States if there is currently no clear negotiator in Iran” he added. The situation remains convoluted and is unlikely to change significantly before the weekend.
“Falling energy prices are also helping the broader market” Lipkow continued. Brent crude had briefly approached the $85 mark before settling back at about $83. “Oil is more about trend dynamics than absolute price levels right now. Investors fear a period of higher prices that could reignite inflation and shrink the room for central banks to cut rates”.
The economic outlook has also re‑emerged in focus, given the unpredictability of the conflict in the Middle East. “Investors need clear anchors for their decisions, which is why today’s U.S. labour‑market data are in the spotlight” Lipkow said.