After a setback early on in the session amid an escalation in tensions in the Middle East following Iran’s drone attacks on oil tankers, the German market recovered on Thursday thanks to some strong buying in select stocks, including Zalando, Rheinmetall and RWE.
The sharp jump in oil prices due to an escalation in strikes on commercial vessels in the Gulf hurt sentiment. Brent crude futures rose to $101.59 a barrel, before retreating to around $96.50, still up nearly 5% over previous close.
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DAX Recovers From Early Setback, Up Marginally
2026-03-12 11:14:31
