Financial expert: Stock markets remain depressed - uncertainty about the Middle East conflict and rising market interest rates are influencing sentiment.

Financial expert: Stock markets remain depressed - uncertainty about the Middle East conflict and rising market interest rates are influencing sentiment.

The negative sentiment in the stock markets continues as market interest rates continue to rise and uncertainty remains over the Middle East conflict between Israel and Hamas. The DAX lost 0.33 percent but remained stable overall. However, the situation is fragile and a further downturn is possible. Traders should therefore be careful and adjust their risk management accordingly.

Gold prices continued to rise and reached a new 3-month high of $1,978. It is expected to target the June and July highs at $1,984/$1,988 as possible resistance. Oil prices also rose by around $2 to a three-week high of $93.43.

In the stock market game “Trader 2023”, the participant “Jumper” defended his top spot with a portfolio balance of EUR 514,468. The participants “Hauchn” (deposit balance: EUR 505,188) and “Andilync” (deposit balance: EUR 455,721) also recorded gains. It looks like “Jumper” and “Hauchn” are in the race for overall victory. However, there was a change in leadership in the weekly rankings, and participant “Renate1951” achieved a performance of 227.97 percent with speculation on a rising gold price.

Source: According to a report by www.finanzen.net