India & DAX

India: India welcomed the ceasefire agreement between the United States and Iran, advocating for de-escalation, dialogue, and diplomacy to ensure lasting peace in West Asia. India also emphasized the importance of unimpeded freedom of navigation through the Strait of Hormuz due to its reliance on global energy supply and trade networks.

DAX: The German DAX soared nearly 5%, indicating strong market gains in Europepe.

India: India, as one of the world's largest crude importers, stands to benefit significantly from the reopening of the Strait of Hormuz and the stabilization of oil prices. Lower freight costs and reduced inflationary pressures are expected to boost its economy, stabilize the rupee, and improve its fiscal outlook.

DAX: The DAX in Germany eked out a small gain, showing a more measured positive reaction compared to other global markets.

India: India's Prime Minister Narendra Modi met with Donald Trump at the G7 summit, with discussions touching upon the Iran war's impact on energy supplies to India and the safety of Indian mariners.

DAX: The DAX P in Germany eked out a small gain, indicating a more subdued positive reaction compared to other indices.

DAX: Germany's DAX dropped significantly due to the escalating conflict in the Middle East.