Germany 40 Rebounds Over 1% as Trump Rules Out Iran Military Strikes

Germany's DAX index gained 281.35 points, or 1.13%, to reach 25,088.32 on Friday, recovering from a two-month low as crude oil prices retreated. Market relief followed statements from Donald Trump confirming the U.S. will not launch military strikes against Iran before the midterm elections, citing productive diplomatic communications. Brent crude futures dropped nearly 1% to touch a low of $102.33 per barrel before trading near $103.23. The reduction in energy supply disruption risks prompted broad market gains, while Germany's 10-year government bond yield slipped to an intraday low of 3.428%.