FRANKFURT (dpa-AFX) - With oil prices retreating once again, the Dax gained significant momentum on Tuesday in its recovery from lows not seen since May 2025. Investors were emboldened in early trading by U.S. President Donald Trump's suggestion the previous evening that an end to the Iran conflict could be imminent.
The Dax rose 2.13 percent to 23,908 points in early trading. It followed the lead of rebounding Asian markets, a ultimately firm Wall Street, and oil prices that fell back below the 90-dollar mark. The MDax climbed 2.65 percent to 29,640 points, while the Eurozone's benchmark EuroStoxx index gained 2.5 percent.
The shock triggered by the previous day's early spike in oil and natural gas prices appears to have been digested for now. From its previous day's low of 22,927 points, the blue-chip index has now regained nearly 1,000 points. "When geopolitical risks suddenly appear lower, risk appetite often returns to the markets very quickly," market observer Timo Emden wrote this morning./tih/nas
