Dax current: Dax closes unchanged – oil price temporarily below $100
The DAX's development still largely depends on oil prices. Investors also kept an eye on Donald Trump's speech at the UN General Assembly.
The Dax ended trading on Tuesday unchanged at 25,579 points, after gaining 1.1% on Monday. Oil prices fell, with Brent crude down to $100 per barrel and US WTI crude at $92, after Iran said it would open the Strait of Hormuz if the US lifted its blockade. US President Donald Trump said he had a "big decision" to make on further action against Iran, while a senior Iranian official said a meeting at the UN General Assembly was a "golden opportunity" to revive diplomacy.
The US and China are also set to meet, with analysts saying both sides will try to maintain a fragile balance between them. Meanwhile, the European consumer confidence index fell to -16.5 in September, and Vonovia shares fell 0.7% after the company faced potential nationalization of its housing stock.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
