The Paris Stock Exchange Hits Its All-Time Record, Driven by the Easing of Crude Oil Prices.
14 Articles
14 Articles
The CAC 40, the benchmark index of the Paris Stock Exchange, reached a new intraday high of 8,642.32 points, surpassing its previous all-time high, set at the end of February before the outbreak of the war in the Middle East, by a few hundredths of a point. The benchmark index closed the session up 1.22% at 8,613.82 points, just shy of its closing record. "The easing of energy prices is the catalyst of the day," confirmed Alexandre Baradez, he…
(Berlin=Yonhap News) Correspondent Kim Gye-yeon = The German stock market broke through an all-time high on the 3rd (local time) amid expectations of a de-escalation of armed conflict between the U.S. and Iran.
The Dax reaches the 26,000 mark for the first time. The reasons are the hope for de-escalation in the Middle East, falling oil prices and strong US company numbers. "The markets here live more on hope than on reality," says Robert Greil, chief strategist at Merck Finck at Dietmar Deffner.
The German leading index has broken the mark of 26,000 points, giving impetus to the prospects for new US Iran negotiations and a recovery in the technology sector.
The German leading index Dax has crossed the 26,000 mark for the first time. On Monday morning it was 26.005 points - and thus 1.47 percent higher than the final score on Friday. Analysts are running the record high on hopes, in the Iran war there could soon be a solution.
The hope of investors for a relaxation in the US-Iran conflict is bringing the stock index to a record high.
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