FRANKFURT (dpa-AFX) – After its record rally and recent losses, the Dax initially attempted to stabilize on Wednesday. In the first few minutes of trading, the leading German index stood still at 19,214.14 points. The situation was similar for the MDax of medium-sized companies at 26,834.19 points. The Eurozone’s leading index, the EuroStoxx 50, gained around 0.1 percent.
After a weak start to the week, the Dax initially found its way back up on Tuesday. But then reports of an imminent Iranian missile attack on Israel, which came true in the early evening, dragged it down. Now Israel is threatening to retaliate.
“With the escalation of the conflict in the Middle East, uncertainty has returned to the stock markets,” commented portfolio manager Thomas Altmann from asset manager QC Partners. This is also reflected in the rising volatility indices and rising oil prices. Nevertheless, the Dax is holding above the 19,000…
