The benchmark DAX index began trading on Tuesday with slight losses. Around 9:30 a.m., the main index was recorded at approximately 23,120 points, representing a 0.2 percent decline compared to the close on Thursday. Among the top movers on the price list were FMC, MTU, and Brenntag, with Siemens Energy, SAP, and Scout24 rounding out the leaders.
According to Thomas Altmann of QC Partners, investors today face a nearly insurmountable challenge, as they must price in the probability of a deal between the US and Iran, with today being the only remaining day for such an agreement. He noted that different asset classes are currently speaking different languages. While oil prices rose again, equities and bonds appeared relatively calm. Altmann concluded that a breakdown in negotiations or a fresh escalation of attacks could send new shockwaves through the markets.
Meanwhile, the European community currency was slightly weaker Tuesday morning; a euro cost $1.1542, and consequently, the dollar was available for 0.8664 euros. The price of oil increased notably as well. Around 9 a.m. German time, a barrel of North Sea grade Brent cost $111.10, marking a 1.2 percent increase from the close of the previous trading day.
