The DAX 40 rises 1.45% and breaks the 26,000-point mark for the first time

On Monday, August 3, the DAX 40, the primary selective index of the Frankfurt Stock Exchange, opened August with a 1.45 percent increase to close at 26,001.31 points. This marked the first time the index surpassed the 26,000-point threshold, driven primarily by falling oil prices.

Concurrently, the euro strengthened against the US dollar, trading at 1.1514 dollars compared to the previous 1.1505 dollars. According to reports, this currency movement and the drop in oil prices followed an announcement by the United States regarding the cancellation of a planned military attack against Iran.