Current Dax: Dax closes in the plus - falling oil prices give the stock exchange a boost
Prospects of a solution in the Iran conflict brought relief to global markets on Friday. However, German consumer sentiment is deteriorating.
The German stock market index, Dax, rose slightly on Friday, closing at 25,409 points, up 0.6% from the previous day. This increase was driven by hopes of a de-escalation in the conflict around the Persian Gulf, with reports emerging of secret talks between American and Iranian officials in New York. The talks aim to establish a step-by-step exit from the war, including the reopening of the Strait of Hormuz and the lifting of economic sanctions against Iran.
As a result, oil prices fell, with Brent and WTI crude oil prices dropping by 0.2% and 0.5% respectively.
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.
