
Hopes for diplomatic detente in the US-Iran conflict are leading to falling oil prices as stock markets stabilize after waves of AI selling.
AI-generated summary
The stock markets recently suffered from selling pressure in the AI sector after the US midterm elections.
Hopes for a diplomatic solution to the war between the USA and Iran are currently ensuring comparatively low fuel prices at gas stations. Premium gasoline of the E10 variety costs less than two euros on average per day. According to the ADAC, the nationwide average on Sunday was 1.996 euros per liter. That was 7.6 cents less than a week earlier. Diesel also fell in price, but only by 4.1 cents to 2.241 euros per liter.
The national average for gasoline was already below the two-euro mark on Friday and Saturday. According to ADAC, both fuels were slightly more expensive on Sunday than on Saturday. However, there is no sign of a trend reversal so far: the first figures from Monday morning from the Tankerkönig portal point slightly downwards. The oil price, which started trading lower on Monday, also points in this direction. A barrel (159 liters) of the reference Brent variety from the North Sea for delivery in January cost 96.76 US dollars at the start of the week, a good 1.5 percent less than on Friday.
Prices can vary significantly depending on region and time. Since the introduction of the twelve o'clock rule, the cheapest time to fill up is later in the morning. Anyone looking for particularly cheap gas stations could find offers in many regions on Monday morning for just over 1.80 euros per liter - in some cases even for less than 1.80.
There were also signs of recovery on the stock exchanges after last week's price capriciousness in the AI sector: the Dax regained the 26,000 point mark and gained 1.1 percent to 26,102 points. The EuroStoxx50 advanced by 1.3 percent. “The first shock after the US midterm elections seems to have been overcome,” said Andreas Lipkow, chief market analyst at broker CMC Markets. Many investors now viewed the significantly lower prices as attractive entry opportunities again.
Most recently, fears of stricter regulation of the AI industry by the Democrats, who had regained strength in the US elections, caused stock markets around the world to slide. A strong wave of selling mainly hit tech stocks in the US and Asia. The Dax lost almost two percent on Friday. There are also signs of a good start to the week on Monday on the US stock exchanges. Standard stocks in particular are heading for price gains, also driven by falling oil prices.

Bafin has expanded the powers of its special representative at Deutsche Finance Investment GmbH to protect investor interests. The background is massive losses in BVK's US real estate investments and ongoing investigations.

A LinkedIn survey shows that looking for a job in Germany is perceived as stressful. The new 'Cities on the Rise' report identifies ten regions with above-average labor market dynamics, with Bremen, Heilbronn and the Rhine-Neckar region leading the way.

Nvidia CEO Jensen Huang is coming under pressure after reports of an affair with a suspected Chinese spy. Despite its central role for the company, concerns about the security of sensitive data are growing, causing the stock to plunge premarket.

Kai Viehof, heir to the Allkauf retail chain, has turned down a large part of his fortune and is donating the rest to organizations for democracy and social justice. He criticizes the concentration of wealth and advocates for inheritance tax reform.

A Stepstone analysis of 1.3 million salary data shows that executives in banks and insurance companies earn the most. Company size, location and team size are decisive factors for the gross annual salary in Germany.

Nvidia shares lost up to six percent in premarket trading. The reason is a suspected espionage affair involving CEO Jensen Huang, political uncertainty after the US midterm elections and ongoing doubts about the profitability of AI investments.