Current Dax: Dax is trading barely changed - falling tech values make investors cautious
The German benchmark index is hardly changed on Monday morning. After Trump has rejected Iran's conditions for opening the Strait of Hormuz, the oil price is rising again.
Düsseldorf - The DAX index opened nearly unchanged at 25,444 points on Monday, after a brief recovery on Friday. Analyst Timo Emden of CapTrader commented that investors are currently "standing with one foot on the gas pedal and the other on the brake."
The cautious sentiment is partly due to a recent increase in oil prices. Brent and WTI crude oil futures rose by three and two percent respectively for November delivery. US President Donald Trump had rejected Iran's conditions for reopening the strategic Hormuz Strait, a vital energy transport route.
Despite some positive signs of recovery in consumer sentiment, market experts remain concerned. According to Andreas Lipkow, chief market analyst at CMC Markets, the risk of stagflation is growing. Stagflation, a combination of high inflation and weak growth, makes it difficult for central banks to implement supportive monetary policies.
Geopolitical risks in the region, including ongoing attacks by Houthi rebels in Yemen on Saudi Arabia, are also keeping investors on edge.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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