After a brief joyful jump on the stock markets due to a new agreement between the US and Iran, sentiment on the German exchanges became calmer again on Tuesday.
On Monday, prices had risen sharply worldwide after a framework agreement between the US and Iran became known. The idea behind it: less tension in the Middle East could push down the oil price and curb inflation. On Wall Street, the Dow Jones reached a record high, and tech stocks like Marvell and Micron jumped by double digits. The Dax had also temporarily exceeded the 25,000-point mark, a level investors have been watching for some time.
On Tuesday, however, the enthusiasm had already faded somewhat. Broker IG calculated a Dax just under 0.2 percent down at 24,855 points before the start of trading. Many market observers pointed out that the agreement is still only a draft. Whether it will actually become a lasting solution depends, in their view, on further negotiations, approval in the US, and the situation in Lebanon.