DAX Edges Up
Frankfurt's DAX 40 turned slightly positive to trade above 25,600 on Tuesday, as oil prices resumed their slide on reports of a potential reopening of the Strait of Hormuz by Iran in exchange of easing US military pressure. Meanwhile, ongoing tensions in the Gulf kept investors cautious, with the UN General Assembly in focus for signs of diplomatic progress toward ending the conflict. US President Donald Trump is due to address the assembly later today and has left open the possibility of meeting Iranian President Masoud Pezeshkian.
Frankfurt's DAX 40 turned slightly positive to trade above 25,600 on Tuesday, as oil prices resumed their slide on reports of a potential reopening of the Strait of Hormuz by Iran in exchange of easing US military pressure. Meanwhile, ongoing tensions in the Gulf kept investors cautious, with the UN General Assembly in focus for signs of diplomatic progress toward ending the conflict. US President Donald Trump is due to address the assembly later today and has left open the possibility of meeting Iranian President Masoud Pezeshkian.