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DAX Rises After Trump Delays Iran Intervention Decision

Investors interpreted the delay on a possible Iran strike as a green light for equities with commodities and safe-haven assets easing.

Overview

  • President Trump said he will decide within two weeks on U.S. military intervention in the Israel-Iran conflict, easing fears of an imminent strike.
  • The DAX index rose 0.6% to 23,204 points at Friday’s open, recovering from early-week losses.
  • Brent crude prices dropped 2.6% to $76.77 per barrel after earlier spikes tied to regional tensions.
  • The U.S. dollar index fell 0.4% to 98.5380 and gold dipped 0.6% to about $3,348 as investors shifted from safe havens.
  • ThyssenKrupp’s supervisory board convened on plans to spin off its marine division and extend CEO Miguel Lopez’s contract, and ArcelorMittal canceled billion-euro eco-steel projects in Germany.