Business · Markets · 2 days ago

DAX rises above 25,000 as oil prices and bond yields ease

DAX rises above 25,000 as oil prices and bond yields ease

Germany’s main stock index, the DAX, rose 1.13% on Friday and closed at 25,087 points, moving back above 25,000.

It had fallen below that level the day before during a turbulent week.

Investors were encouraged as pressure from oil prices eased and bond yields fell.

US President Donald Trump said Iran would not be attacked before the US midterm elections in November, easing some fears about conflict around the Persian Gulf.

But uncertainty remains, including worries about high energy costs, interest rates and government debt in France.

The DAX still lost about 0.6% over the week, showing that Friday’s rise did not erase the broader concerns.

Shares in Deutsche Telekom fell about 8% after SpaceX moved to buy US wireless spectrum, a step towards offering mobile service from satellites.

Investors are likely to keep watching developments around oil, interest rates and the US-Iran situation in the weeks ahead.

Sources

Related news