DAX Index Remains Flat as Market Focuses on US-Iran Agreement and Central Bank Meetings
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
- The DAX 40 index traded sideways near 24,900 on Tuesday, maintaining levels seen since early June. The market is cautiously optimistic about a potential US-Iran peace agreement and is awaiting key central bank meetings, including the Federal Reserve.
- The US-Iran memorandum of understanding is expected to be formally signed on Friday, which could pave the way for the earliest possible reopening of the Strait of Hormuz this week; however, the full details of the agreement will be released later.
- GEA Group led the gains after Deutsche Bank upgraded its rating from neutral to buy and revised its target price from 70 euros to 64 euros. Industrial giant Rheinmetall rose 2%, while Qiagen, MTU Aero Engines, Siemens, and Airbus each climbed about 1%. Conversely, Brenntag shares fell over 2% after Deutsche Bank Research downgraded its rating from buy to hold and lowered the target price from 67 euros to 57 euros.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Crypto prices
More
Bitcoin
BTC
$73,532.9
-0.29%
Ethereum
ETH
$2,046.93
-0.78%
Tether USDt
USDT
$0.9987
+0.00%
BNB
BNB
$674.95
-0.63%
USDC
USDC
$0.9997
+0.01%
XRP
XRP
$1.04
-1.62%
Solana
SOL
$82.96
-0.03%
TRON
TRX
$0.3171
-0.11%
Hyperliquid
HYPE
$71.4
-0.69%
Zcash
ZEC
$985.29
-1.78%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now