World politics influences stock markets: Oil prices are falling, DAX could start slightly higher
Quick Look
- World politics is currently determining events on the stock exchanges: After talks between the USA and Iran on the sidelines of the UN General Assembly, oil prices fell slightly, while the DAX indications show that they started around 0.4 percent above the Tuesday close of 25,578 points.
- Market participants are also hoping for China's President Xi Jinping's state visit to Washington and an extension of the tariff moratorium as well as agreements on trade, AI and semiconductors.
AI-generated summary
Why It Matters
World politics is currently determining what is happening on the stock markets, particularly through diplomatic developments between the USA and Iran as well as expectations of Chinese President Xi Jinping's state visit to Washington.
World politics is currently determining what is happening on the stock markets. There were new talks between representatives of the USA and Iran on the sidelines of the UN General Assembly. Oil prices then continued to fall slightly. Brent crude oil was recently quoted below $99 per barrel.
In this environment, the DAX could start the day slightly higher. Initial indications see it around 0.4 percent above its closing level on Tuesday. The day before, the leading German index had closed little changed at 25,578 points.
According to US President Donald Trump, the delegations have agreed to have another conversation “in the very near future.” During his speech to the UN heads of state and government, Trump said that he believed an agreement with Iran was possible after the congressional elections on November 3rd. At the same time, however, he threatened the “destruction” of the Islamic Republic.
Market participants are now also looking hopefully to Chinese President Xi Jinping's state visit to Washington, which begins this evening. They are counting on an extension of the customs moratorium, which expires at the beginning of November. On the other hand, there could be important agreements on trading in raw materials as well as artificial intelligence (AI) and semiconductors.
There was reluctance on the Chinese stock exchanges before the meeting. The Shanghai SSE 100 fell slightly. In South Korea, on the other hand, the AI rally continues with slight gains. The Tokyo Stock Exchange was closed today for a public holiday.
The stock exchanges in New York also had mixed trends. The standard stocks on the Dow Jones lost 0.4 percent, while technology stocks on the Nasdaq gained half a percent. The Nasdaq 100 reached a new record high for the first time since June. The technology rally continues to be fueled by strong demand for new AI apps from Meta and Google.
What to Watch
AI outlook — possibilities, not facts
The tariff moratorium between the USA and China is being extended.
Likely · Within weeks
Important agreements on trade in raw materials as well as AI and semiconductors are being reached between the US and China.
Possible · Within weeks
Open Questions
- When exactly will the next US-Iran talks take place?
- What concrete results are expected from the meeting between Xi Jinping and the US government?
- How long will the current US-China tariff moratorium actually be extended?







