Dax currently: Dax is trading higher – oil price continues to rise
The leading index gains in the middle of the week after concerns about the technology sector had weighed on the markets. The focus is on US bank balances and inflation data.
The Dax started trading on Wednesday with a 0.4% gain at 25,359 points. The US earnings season continued with Morgan Stanley and Bank of America reporting their results, while investors await the US inflation report for September. Oil prices rose after two ships were hit by Iranian missiles in the Strait of Hormus, with Brent crude increasing by 1.4% to $107.15 per barrel. Iranian officials stated that they are using new tactics to combat ships and influence the US midterm elections.
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.
