The German stock index opened Wednesday with gains. At about 9:30 a.m., the DAX was calculated at roughly 23 845 points, which is 0.5 percent above yesterday’s closing level. The strongest performers were Heidelberg Materials, Deutsche Bank, and Siemens Energy, while the lowest were Deutsche Telekom, Hannover Rück, and FMC.
Jochen Stanzl, chief market analyst at Consorsbank, said the DAX showed a serious attempt to stabilise in the third week of the Iran‑related conflict. He noted that investors hope Iran’s tight hold on the global energy market is loosening step by step. “There is worldwide political pressure on U.S. President Trump to reopen the Strait of Hormuz” he added.
Stanzl also observed that Saudi Arabia and Iraq are shifting their exports. “They use pipelines to transport oil to secure ports” he said. “That is significant for the oil market. Even though it won’t move all of these countries’ production, the Iranian blockade of the Strait of Hormuz loses a bit of its impact”.
He further explained that markets already speculate about what will remain after the oil price rises. “Tomorrow and the day after” Stanzl added, “the Federal Reserve and the ECB will comment on the issue, giving investors a clearer view on inflation risks”. Many are hoping that Middle‑Eastern supply chains will revive – if only partially – while keeping inflation expectations stable. No one wants another inflation surge after the effects of the last wave are still being processed.
The euro was slightly weaker at the start of trading: 1 € equalled 1.1518 USD, and 1 USD was worth 0.8682 €.
Brent crude fell a bit during the same period. At around 9 a.m. German time, a barrel of North Sea Brent fetched $102.30, which is 115 cents, or 1.1 percent, lower than the previous day’s close.
