FRANKFURT (dpa-AFX) - Buoyed by continued strength in overseas markets, the Dax is expected to make another run at the 25,000-point threshold on Thursday. Approximately two and a half hours before the Xetra open, broker IG pegged the German benchmark index 0.2 percent higher at 24,966 points.
The previous day, the Dax briefly surged as high as 25,152 points, fueled by the AI boom on Wall Street and in Asia, alongside signs of easing tensions in the Middle East. However, momentum stalled near its February highs after the index had nearly erased the losses triggered by the conflict in March. Nevertheless, the record high of 25,507 points reached in mid-January remains firmly in sight.
In the U.S., the tech-heavy Nasdaq 100 and the broad-market S&P 500 accelerated their record-breaking rallies. In Asia, Japan's Nikkei 225 returned from a public holiday with a surge in prices, capitalizing on its catch-up potential. Conversely, South Korea's Kospi faltered during the session after hitting a fresh peak.
Regarding the conflict with Iran, U.S. President Trump remains optimistic, suggesting an agreement with the regime could be reached in the coming days. Oil prices, which tumbled the previous day, stabilized slightly this morning./ag/mis
