DAX hits record as Hormuz deal lifts oil prices and US markets slip
The German DAX rose about 0.2 % to 26,178 points, keeping the index above the 26,000‑point record despite Germany’s economy growing only 0.2 % between April and June and inflation edging up to roughly 2.8 %. Around 80 % of DAX‑listed companies generate revenue abroad, reducing the index’s sensitivity to domestic conditions.
In the United States, major equity indices fell on Thursday. The Dow Jones Industrial Average dropped 0.85 % to 53,885 points, the S&P 500 slipped 0.18 % to about 7,710 points, and the Nasdaq 100 lost 0.39 % to 29,373 points. Tech stocks were pressured after Lisa Cook of the Federal Reserve signaled a willingness to raise policy rates if inflation does not ease.
Oil markets reacted to diplomatic talks in the Strait of Hormuz. Brent crude rose roughly 1.4 % to $80.55 per barrel after reports that Iran and Oman are close to an agreement on two two‑way shipping routes through the strait. Iran stressed the deal would not fully reopen the waterway and could give Tehran control over vessel traffic and potential passage fees of 5‑7 % of cargo value, with Oman discussing a fee near 3 %. The news lifted oil prices and contributed to the broader market moves.
Entities: Allianz AG · Allianz SE · Brent crude · Brent crude · DAX · DAX (German stock index) · Deutsche Telekom AG · Dow Jones Industrial Average · Dow Jones Industrial Average · E.ON SE · German DAX · German economy
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] The DAX closed at 26,126 points, down 0.3% on the day. (c3e98634-9d66-40a1-b9f3-d4c34baa3daf)
- [● 5 SOURCES] The DAX reached record levels above 26,000 points. (ac1acd25-b28a-4f95-ae27-2ccc9daa3633, a83828cb-5055-4061-94ef-1a301e258e33, a916abc8-b6fa-4c43-9c3d-23516d870316, e9274f)
- [● 2 SOURCES] German inflation rose from 2.3% to 2.8%. (ac1acd25-b28a-4f95-ae27-2ccc9daa3633, 55f1cb18-e82c-47ca-b1ea-26a08aa27ec7)
- [● 2 SOURCES] Siemens generates only 15% of its revenue in Germany. (ac1acd25-b28a-4f95-ae27-2ccc9daa3633, 55f1cb18-e82c-47ca-b1ea-26a08aa27ec7)
- [● 2 SOURCES] 52.6% of DAX company shares are owned by foreign investors. (ac1acd25-b28a-4f95-ae27-2ccc9daa3633, 55f1cb18-e82c-47ca-b1ea-26a08aa27ec7)
- [○ 1 SOURCE] Iran‑U.S. talks were described as fragile, with no agreement expected within 48 hours. (c3e98634-9d66-40a1-b9f3-d4c34baa3daf)
- [○ 1 SOURCE] Houthi rebels plan to intercept more oil tankers in the Red Sea. (c3e98634-9d66-40a1-b9f3-d4c34baa3daf)
- [● 2 SOURCES] German economic growth between April and June was 0.2 percent. (existing claim)
- [○ 1 SOURCE] The DAX opened the trading day around 26,165 points, up about 0.2%.
- [● 13 SOURCES] Iran and Oman are close to an agreement on two shipping routes through the Strait of Hormuz. (existing claim)
- [● 3 SOURCES] The DAX reached a record above 26,000 points. (ac1acd25-b28a-4f95-ae27-2ccc9daa3633, 55f1cb18-e82c-47ca-b1ea-26a08aa27ec7, 70dc4817-726b-4e4e-b4b4-f6489851e4fc)
- [○ 1 SOURCE] Siemens shares fell about 4.9% despite good quarterly numbers. (22834e65-6d81-4f62-b6d6-bf97a93eb9d0)