FRANKFURT / LONDON (IT BOLTWISE) – The recent progress in the Ukraine negotiations has boosted the German stock market. The DAX rose for the third time in a row, which can be attributed to hopes that the conflict will end soon. The US is pushing for quick results as investors react optimistically to the developments.
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The latest developments in the Ukraine negotiations have had a positive impact on the German stock market. The DAX, the leading index of the German stock exchange, gained 1.11 percent on Wednesday and reached 23,726.22 points. This marks the third consecutive day the index has risen, having previously fallen to its lowest level since early May.
The US has increased pressure in talks to end the war in Ukraine and is seeking rapid progress. President Donald Trump said on his Truth Social platform that only a few points of contention remain. In the hope of an early agreement, he has instructed his negotiators to meet with representatives of Russia and Ukraine as soon as possible.
Thomas Altmann, portfolio manager at QC Partners, commented on the situation and explained that many investors who had previously searched in vain for buying arguments are now optimistic. The stock markets recovered surprisingly quickly from the pessimistic mood and are now optimistic.
The MDAX of medium-sized stock exchange stocks also increased by 0.70 percent to 29,220.00 points in the middle of the week. The Eurozone index EuroStoxx 50 also recorded an increase of 1.47 percent. These developments show that markets are reacting positively to the progress in the negotiations and are hoping for an early end to the conflict.
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