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DAX Retreats After Hitting New Record High

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

German stock market's benchmark DAX climbed to a new record high Thursday morning amid rising geopolitical tensions following the seizure of two oil tankers by the U.S. One of the tankers was Russian-flagged.

However, after rising to 25,222.92, the index pared gains subsequently and slipped into negative territory. It was seen at 25,073.99 a little while ago, down 24.54 points or 0.1% from previous close.

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Global Economics Weekly Update: April 20 – April 24, 2026

April 24, 2026 15:15 ET
Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.