Dax leaves major war fears behind as gold price ends its downtrend

Dusseldorf The leading German index has regained the 15,000 point mark and, with significant price gains, is leaving the greatest fears of war in the Ukraine conflict behind. The Dax rose in the morning by 1.2 percent to 15,288 points.

The start of the week had provided a new, negative momentum in the downward trend since the beginning of the year with the slide to 14,844 points. At the close of trading, the Frankfurt benchmark was two percent lower at 15,113 points.

One factor in Tuesday’s increase: According to the Russian news agency Interfax, parts of the Russian army in the south and west have returned to their barracks. Accordingly, the futures of the US stock indices also went up. These futures contracts are currently signaling that the major US stock market barometers will open about one percent higher.