Escalation in the Middle East Conflict Leads to Significant Declines, oil and Gold Prices Continue in Rally Mode, Luxury Furniture Retailer RH up +18% After Strong Results

The DAX managed to stabilize slightly by midday, currently limiting its losses to -1.24% . In the morning, the DAX started trading with significant declines of over 1.5% following the Israeli air force's attack on nuclear facilities in Iran . As Iran threatened Israel with retaliation and responded with a major drone attack on Israel, many market observers fear further escalation in the Middle East, with oil prices temporarily rising by more than 10%. Heavyweights from the aviation and tourism sector are significantly under pressure at the start...