Germany's DAX soars by nearly 5% as investors welcome Iran truce

NAMPA / DPA

2026-04-08

Frankfurt (dpa) - Germany's leading DAX stock market index surged by 4.9% on Wednesday morning in response to the two-week ceasefire between the United States and Iran announced overnight. The blue chip index rose to 24,033 points at opening, up from 22,921 on Tuesday at closing. Oil prices plummeted and markets rallied in Asia too on hope that the ceasefire deal will allow the resumption of oil and gas exports through the Strait of Hormuz, after......

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