The DAX in Frankfurt turned positive in the afternoon, driven by falling oil prices. Crude oil quotations declined, supporting stock markets worldwide. At the same time, however, rising yields on bond markets are weighing on investor sentiment.
The development on the German stock market followed a positive trend on international exchanges. Japan’s Nikkei index and US tech stock NVIDIA also recorded gains. Market observers attribute the movement primarily to lower energy costs, which somewhat ease inflation concerns.
Uncertainty remains high, however: rising bond yields signal that markets continue to expect tighter monetary policy. This could limit stock market gains in the coming days.
Source: Tagesschau
