DAX loses more than two percent after Trump statements

The DAX closed on Wednesday down more than two percent and lost almost 600 points. The reason was statements by US President Donald Trump on Iran and Spain.

On Monday the German benchmark index had reached a record of 25,900 points. On Wednesday it then dropped sharply due to geopolitical concerns.

US President Donald Trump declared the peace plan with Iran invalid. This unsettled the markets and raised fears of a resurgence of the Iran war.

Trump also made critical remarks about Spain. The bond markets also reacted with clear movements.

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Illustration of Indian markets declining due to geopolitical tensions with Iran, showing traders and falling financial indicators.
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Indian markets and rupee decline as Trump signals end of Iran truce

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Indian stocks and the rupee fell sharply on Wednesday after US President Donald Trump signaled the end of a truce with Iran. Fresh US strikes on Iran and rising oil prices triggered the selloff. Gold and silver prices also extended losses in Mumbai trading.

The Dax closed on Monday at 25,389.10 points, crossing the 25,000 mark for the first time since the start of the Iran war. Hopes for a peace agreement drove the gains.

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The DAX ended trading on Monday up 0.6 percent at 25,140 points. The move followed news of an understanding between the US and Iran on further negotiations.

The Ibovespa rose 1.71% on Thursday, June 11, driven by statements from President Donald Trump about a possible agreement with Iran. The dollar fell more than 1% and closed at 5.09 reais.

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The Dax stands near 24,200 points, almost unchanged since the start of the year. Rising earnings estimates have lowered the benchmark's valuation. Investors wonder if this makes an entry point attractive now.

The Mexican stock market closed higher on Monday, May 18, while Wall Street posted mixed results amid uncertainty over a potential United States-Iran agreement.

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