{
  "id": 84351,
  "title": "Stock exchanges: Hope for Iran talks drives Dax over 26,000 points",
  "url": "https://urgent.news/2026/08/03/borsen-hoffnung-auf-iran-gesprache-treibt-dax-uber-26-000-punkte",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-03T12:05:02.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/politik/deutschland/boersen-hoffnung-auf-iran-gespraeche-treibt-dax-ueber-26000-punkte/100244628.html"
  },
  "original_language": "de",
  "account": "The German benchmark index, DAX, briefly surpassed the 26,000 point mark driven by hopes for approaching negotiations between the United States and Iran. The index surged above this threshold on Monday morning, shortly after the opening bell, having already broken the record high of 25,900.10 points in early July. The index briefly fluctuated around the 26,000 points during the midday trading session. \"Within just three weeks, the German benchmark index has gained more than 1,300 points,\" said Birgit Henseler, a Senior Analyst at DZ Bank. \"The immediate impetus comes from the geopolitical easing,\" she added. \"The earnings season for the second quarter, which has performed better than expected in both the US and Europe, also plays a major role.\" The composition of the DAX also helped, as its heavy focus on industrial and financial stocks has made the index less vulnerable to the current discussion about a potential AI bubble compared to pure tech indices. Following US President Donald Trump's announcement of new talks with Iran and the subsequent cancellation of a large-scale attack, oil prices dropped significantly at the start of the week. This alleviated inflation concerns and fears of rising interest rates. Brent crude, the reference grade for oil delivered in October, traded at just over $83 per barrel on Monday morning, a 7% decrease from the previous levels. After Trump announced he was cancelling the largest US military attack \"since World War II\" to give new negotiations with Iran a chance, the oil prices fell further. The talks are set to take place on Monday afternoon, but the venue, duration, and participants remain unclear. Iran confirmed the talks early in the night. Key issues for the negotiations include the opening of the Hormuz Strait for shipping traffic and the contentious Iranian nuclear program. Both topics dominated previous rounds of negotiations in Pakistan and Switzerland. Despite increasingly positive geopolitical signals, Jochen Stanzl of Consorsbank noted that the geopolitical situation remains fragile, with many important questions in the Iran conflict still unresolved. Nevertheless, investors remain hopeful but not euphoric. The recent signs of détente in the Middle East were particularly favorable for the travel sector, with TUI shares reaching their highest point since late February and rising by 4.6%. Lufthansa shares also gained 2.7%. The upcoming earnings season, along with the recent recovery in the global tech sector, particularly in AI-related stocks, has provided DAX with support. The index had previously been close to a record high, with less than ten points away before the rally fizzled out. Strategists from JPMorgan praised the strong earnings season on both sides of the Atlantic, with earnings growth better than market expectations. All sectors in the US and nearly all in Europe showed higher earnings per share compared to the previous year. Technology stocks, especially those of major US tech giants, experienced a notable rally. Strong results from tech giants like Microsoft and Amazon reinforced confidence in the significant investments in Artificial Intelligence (AI). In the US and Asia, tech stocks rallied strongly again, with Deutsche Telekom presenting a strong performance with a 3.7% gain. Traders noted a Semafor report that T-Mobile US, the US telecommunications subsidiary, was no longer supporting potential merger plans with the telecommunications company, which was considered positive. Automotive stocks were also particularly strong, with Mercedes-Benz, Volkswagen, and BMW shares gaining 2.5% to 3.1% each. Hope for continued good results in the reporting season seems to be widespread. Half of the companies comprising the German DAX are set to release their quarterly results this week, with Bayer, Continental, FMC, and Zalando reporting on Tuesday. Fresh results are expected from Fresenius, DHL Group, Siemens Energy, Vonovia, Infineon, and Beiersdorf on Wednesday. Commerzbank, Deutsche Telekom, Merck KGaA, and Siemens are scheduled to announce their figures on Thursday. Allianz, Daimler Truck, and Munich Re have their presentations slated for Friday. Despite a drop to around 24,650 points in mid-July following increased US-Iran aggression and a temporary surge in Brent crude oil prices above $100, the DAX has rebounded strongly.",
  "summary": "The German benchmark index broke the 26,000-point mark. The impulse came from the prospects of new US-Iran negotiations and a recovery in the technology sector.",
  "key_points": [
    "DAX briefly surpasses 26,000 points on Monday morning",
    "Hopes for US-Iran negotiations drive index rise",
    "Analyst cites geopolitical easing and strong earnings season"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}