German DAX stock index reaches new record high as oil prices fall

Germany’s benchmark DAX index reached a new all-time high on Monday, rising up to 1.1 percent to touch 25,914.50 points. This surpassed the index's previous record set in early July. Since the beginning of the year, the German blue-chip market has gained approximately five percent.

Market optimism was primarily driven by diplomatic developments regarding the ongoing tensions between the United States and Iran, which helped calm investor anxieties over potential energy supply disruptions. In tandem with the stock market gains, gold prices saw slight increases, while international crude oil prices experienced a notable decline. Market strategists noted the continued strong performance of equities during the current period.

Sources: FAZ