FRANKFURT (dpa-AFX) – A ceasefire between Israel and Iran also boosted the German stock market on Tuesday. A slump in oil prices to pre-war levels reflected the great relief felt. Although the warring parties accused each other of violating the ceasefire, US President Donald Trump said it remained in force. However, according to US President Donald Trump, it remains in force.
The DAX broke out of its recent downward trend, which it had entered after reaching a record high in early June. At the end of trading, the German benchmark index gained 1.60 percent to 23,641.58 points. It thus moved closer to its 21-day line, which is a popular indicator for short-term trends. The MDax closed 2.30 percent higher at 29,957.56 points.
“Investors who had bet on a temporary and regional conflict from the outset and kept their cool have been vindicated. And the doubters who were a little more risk-averse now have to get back in,”…
