Dax current: Dax back above 25,000 points - Telekom shares fall significantly after Musk's announcement

Dusseldorf. After the first daily close below the 25,000 point mark in months, the Dax recovered on Friday. The leading index is at 25,136 points, up 1.3 percent. On Thursday it closed 1.2 percent lower at 24,807 points. That was the lowest value since the end of July. At the weekend it will be a question of whether the index can establish itself above the round mark again.

The bad mood on the stock exchanges was caused by renewed turbulence on the oil and bond markets on Thursday. The US bond market relaxed somewhat and yields fell slightly. However, ten-year US bonds still have a high yield of 5.2 percent.

Investors are now gaining some hope that the situation on the energy and bond markets could stabilize. US President Donald Trump announced on Thursday that he would no longer attack Iran until the midterm elections in early November.

On Friday, investors' eyes will probably first turn to Luxembourg. The economics and finance ministers of the European Union meet there - topics include the planned savings and investment union and the competitiveness of the European banking sector.