DAX 40 closes about 0.2% lower, ends three-day run
The DAX 40 closed about 0.2% down at 26,006.5 on Monday, halting a three-day winning streak. Oil-price, rates and European political uncertainty weighed, alongside worse-than-expected German industrial data.
5 on Monday, ending a three-day winning streak and lagging regional peers. Sentiment was weighed by rising oil prices amid fresh US-Iran hostilities, the prospect of higher interest rates and political uncertainty in Europe. Traders also looked at weaker-than-expected German industrial data. AfD’s strong showing in Saxony-Anhalt revived concerns about political instability in Germany and could complicate Chancellor Merz’s plans for major economic reforms.
5% on Thursday, with expectations building for another move in December. 7%. 2% after Goldman Sachs downgraded the stock from "Buy" to "Neutral".