Market report: Doubts concerning the ceasefire are miserable costs | EUROtoday

market report

As of: April 9, 2026 • 10:41 a.m

There are doubts that the ceasefire between the US and Iran will maintain. This causes oil costs to rise once more and share costs to fall.

After the restoration rally in the course of the week, follow-up purchases are initially lacking on the European inventory market. When oil costs rise once more, buyers act extra defensively. The German inventory index (DAX) misplaced half a p.c at first of buying and selling and opened the day at 23,966 factors.

The ceasefire agreed within the Middle East over the weekend is proving to be fragile. After Israel’s devastating air strikes in Lebanon, Iran is threatening to blow them off. The USA must resolve – “either a ceasefire or a continuation of the war via Israel. You cannot have both,” wrote Foreign Minister Abbas Araghchi on Platform X.

The rising tensions are significantly affecting the oil market. The day earlier than, the value for a barrel (159 liters) of North Sea Brent fell to nearly $90, its lowest stage since mid-March. Brent oil now prices round $97 once more.

In addition, there are reportedly few indicators that the Strait of Hormuz, which is vital for oil transport, is now freely navigable once more. A graphic revealed in Iranian media even means that the Strait of Hormuz could also be mined.

Economic knowledge revealed this morning revealed mild and shadow for the German financial system. Germany’s exports rose in February: They climbed by 3.6 p.c in comparison with the earlier month. Compared to February 2025, this was a rise of two.9 p.c. Exports to EU nations particularly elevated – however exports to the USA fell.

In distinction, German corporations surprisingly diminished their manufacturing within the weeks earlier than the outbreak of the Middle East struggle. Industry, building and vitality suppliers collectively produced 0.3 p.c much less in February than within the earlier month, because the Federal Statistical Office (Destatis) introduced.

“The bottom line is that these hard data point to a rather subdued start to the year for the German economy, even before the energy price shock in March,” says Marc Schattenberg, economist at Deutsche Bank Research. “Now it remains to be seen how long this additional burden of high energy prices on industry will last.”

In Frankfurt, lots of the earlier day’s winners are among the many morning’s losers, corresponding to shares in Adidas. Otherwise, automotive values ​​particularly are underneath stress. The business depends on many suppliers. Electric automotive manufacturing particularly depends on uncooked supplies, a few of which additionally must go by the Strait of Hormuz.

The fragile ceasefire within the Gulf dampened the temper on the Asian inventory exchanges within the morning, additionally with a view to the Strait of Hormuz. There had been vital worth losses on the Japanese and South Korean inventory exchanges, which had risen sharply the day earlier than. Japan’s Nikkei 225 closed 0.7 p.c decrease. In South Korea it even fell by 1.6 p.c – after a soar of virtually seven p.c on Wednesday.

In the USA, buyers celebrated the agreed ceasefire. The Dow Jones index of ordinary shares closed 2.9 p.c greater at 47,914 factors on Wednesday. The broader S&P 500 superior 2.5 p.c. The Nasdaq expertise alternate index gained 2.8 p.c to 22,637 factors. The economically delicate transport index reached an all-time excessive.