Stock exchange: Dax reaches record high
The German benchmark index continues to climb despite all crises. Now the Dax reaches the next high.
Frankfurt/Main - The DAX index reached a record high on Tuesday afternoon, surging by 0.5% to 26,454 points due to falling oil prices. This marked the first time the German benchmark index surpassed the 26,000-point mark since early August. Analyst Jochen Stanzl from Consorsbank attributed the positive environment for the DAX to strong company earnings, moderate valuations, and cautious investor sentiment.
Despite the ongoing Iran conflict, Stanzl noted that market participants had become accustomed to a "hope and fear" mentality and had grown thick skins due to the fluctuating news landscape. However, Stanzl cautioned that resilience does not equate to immunity, as the Iran situation remains volatile and could change rapidly.
Experts at UBS highlighted other risks beyond geopolitics, including risks related to AI valuations and interest rates. Mark Haefele, the investment chief at UBS, expressed confidence in maintaining investments due to rising company profits and the belief that geo-political and monetary risks would remain controllable. While the Iran war remains an uncertainty factor, its consequences are expected to be manageable.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
