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European Market Updates

DAX Rises Nearly 0.5% As Israel, Lebanon Agree To Renew Ceasefire

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

The German stock market's benchmark index moved higher Thursday morning as oil prices fell sharply following Israel and Lebanon agreeing to renew their ceasefire.

However, concerns about private credit markets, tariff threats and fears about inflation and interest rates limited market's upside.

The benchmark DAX was up 117.51 points or 0.47% at 24,929.14 about a quarter before noon.

SAP climbed 4.3%, while Scout24 and Fresenius Medical Care moved up 3.5% and 2.5%, respectively.

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