On Friday, the DAX closed 0.2 percent lower at 24,985 points, after briefly rising to 25,173 points. According to Helaba analysts, investor caution continues to hinge on progress in peace talks between Iran and the United States. Although the parties have agreed on a roadmap for a deal, it remains completely unclear whether this will lead to lasting peace.
Oil prices remain a decisive factor: North Sea Brent crude fell 2.2 percent to $78.83 per barrel, while US WTI crude traded 0.8 percent weaker at $76.00. Commerzbank chief economist Jörg Krämer expects oil prices to return to pre-war levels of just under $70 only by mid-next year, as sea mines must be cleared and production ramped up again.
In Japan, the Nikkei continues its record rally, surpassing the 72,000-point mark. A year ago, the index stood at around 40,000 points, representing a gain of roughly 80 percent. The rally is driven primarily by technology companies benefiting from the ongoing AI euphoria.
Construction group Hochtief is moving into the DAX, replacing Volkswagen’s holding company Porsche SE. Hochtief is benefiting from the mega-trend of AI: major orders for building billion-dollar data centers have tripled its share price within a year, and its market capitalization now stands at around €40 billion.
Source: Tagesschau
