Dax currently: Dax starts the trading week with a new record
Hopes for a new peace deal between the US and Iran are driving down oil prices and pushing the Dax to a new high. However, according to an expert, there are several arguments against stocks.
Düsseldorf. The German benchmark index is starting the new week with a record. In the morning, it reached a new high of 25,997 points. The previous record was 25,900 points. Over the weekend, US President Donald Trump had postponed what he described as the largest US military attack "since World War II" in order to give new negotiations with Iran a chance.
However, Thomas Altmann of QC Partners is cautious: "The new Iran euphoria is driving stock prices today. Statistically, however, there is a lot to be said against stocks from today. With August, the seasonally weakest month begins on the stock exchanges." On Monday, new negotiations with Iran are to begin, according to US President Donald Trump.
An agreement should lead to an "immediate, complete and total" reopening of the Strait of Hormuz and an "end to the Iranian nuclear threat". The state Iranian news agency Irna had previously reported, citing Iranian Foreign Minister Abbas Araghtschi, that the negotiations between Tehran and Oman on the Strait of Hormuz were in the final phase.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
