Frankfurt stock market close: DAX under pressure again – Middle East war weighs on sentiment

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FRANKFURT (dpa-AFX) – Renewed investor nervousness over the war between Israel and Iran has dampened the mood on the German stock market. After price gains at the beginning of the week, concerns dominated on Tuesday after US President Donald Trump unexpectedly left the G7 summit in Canada early and called for an evacuation of the Iranian capital.

The German benchmark index, the DAX, fell 1.12 percent to 23,434.65 points at the close of trading. This means that, at least for the time being, an important support level has been maintained in the chart. The DAX is still slightly above its interim low at the end of May.

The MDax, which tracks medium-sized companies in Germany, fell by 0.95 percent to 29,720.25 points. Prices were under pressure across Europe: The EuroStoxx 50, the leading index for the eurozone, closed 0.95 percent weaker at 5,288.68 points. London and Zurich also saw declines. In New York, the Dow Jones…

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