DAX 40 rises nearly 2% as oil prices drop
European stock markets opened higher on Tuesday as falling oil prices and improved global sentiment boosted investor confidence. The pan-European Stoxx Europe 600 index rose about 1.8%, with most sectors trading in positive territory.
The rebound partially offset losses from previous sessions, when the index dropped nearly 6% amid market concerns over escalating tensions between the United States, Israel and Iran, according to CNBC. Airline stocks were among the strongest performers. Lower oil prices eased pressure on jet fuel costs, with Lufthansa shares rising about 7.6% and Air France gaining nearly 3.9%.
Among major national indexes, Germany’s DAX rose about 1.8%, France’s CAC 40 gained roughly 1.3%, and the UK’s FTSE 100 climbed more than 1.2%, reflecting improved sentiment across European markets after the correction in oil prices.
Markets react to falling oil prices
The positive momentum followed a sharp decline in oil prices. Earlier, crude had climbed above $100 per barrel, but prices corrected after comments from U.S. President Donald Trump. During trading in London, Brent crude fell about 6.3% to $88.79 per barrel, while U.S. West Texas Intermediate (WTI) declined roughly 6.6% to $88.47.Trump said he was prepared to take steps to ensure the continued flow of oil through the Strait of Hormuz, one of the world’s most critical routes for global energy trade.
What to expect for the energy market
Despite the recent correction, analysts warn that risks to the energy market remain high due to ongoing tensions in the Middle East. G7 countries are planning an emergency meeting to discuss the possible release of strategic oil reserves to stabilize the market.The International Energy Agency (IEA) noted that the conflict is creating “growing risks for the global energy market,” warning that any disruption in the Strait of Hormuz could significantly impact global oil supply.
Earlier, global markets rose while oil prices declined following Trump’s comments about the conflict with Iran.
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