Germany's DAX index hit 24,260 points intraday on Thursday, its highest level in six weeks, closing at 24,154 points up 0.4 percent. Investors are optimistic amid hopes for an end to Middle East hostilities between Iran and the US. The S&P 500, Nikkei, and MSCI World also reached records.
Financial markets in Düsseldorf reported a recovery. The DAX benefited from positive signals from the US and Asia. The broad US S&P 500 index trades higher than before the war started at the end of February and hit records on Wednesday and Thursday. Japan's Nikkei and MSCI World also climbed to highs.
Independent analyst Ed Yardeni said: "As far as the stock market is concerned, the war is over for the time being." Jim Reid stated: "Markets continue to react predominantly optimistically and assume the conflict will ultimately be resolved within a few weeks." The US denied reports of an extended ceasefire, but investors prioritize negotiation willingness.
The Middle East conflict between Iran and the US continues without a peace solution. Hopes for de-escalation are nevertheless driving investors into stocks. Experts view the rally as largely understandable but warn of sustainability amid geopolitical risks.
