Germany's DAX reaches new record high amid easing geopolitical tensions
Nexus Europa Newsroom
Posted Aug 3, 2026, 10:30 AM UTC · In the digest of 2026-08-03-1030
Germany's DAX index reached a record high of 25,914.50 points on Monday, driven by investor optimism over potential US-Iran conflict resolution.
Germany's benchmark stock index, the DAX, reached an all-time high on Monday, rising by up to 1.1 percent to hit 25,914.50 points. The surge surpassed its previous record of 25,900.10 points set in early July.
Investor sentiment was buoyed by growing hopes for a diplomatic resolution to tensions between the United States and Iran. The German index has gained roughly five percent since the beginning of the year. Parallel to the equity market rally, gold prices edged upward while crude oil prices experienced a sharp decline as fears of supply disruptions eased.
Sources: FAZ
Sources
Earlier coverage
- Aug 3, 2026, 11:00 AM UTCGerman DAX stock index reaches new record high as oil prices fall