DAX Closes at 2-Month Low
Frankfurt's DAX 40 closed about 0.6% down at 25,256 on Thursday, reaching the lowest since July 24, in line with broader weakness across European markets. Oil prices climbed further, adding to pressure on sovereign bonds amid heightened tensions in the Middle East. The Houthis reportedly fired missiles at Saudi Arabia, while an adviser to Iran’s Supreme Leader warned against opening a new front in response to a potential US attack. Traders also eyed high-stakes summit between US President Trump and Chinese leader Xi Jinping, with trade, AI and the Middle East war among the key issues on the agenda. Several sectors faced pressure, particularly tech, alongside autos, banks, retailers and industrials. Infineon Technologies led losses, dropping 3.9%, followed by Rheinmetall, Scout24, Volkswagen, BMW and Deutsche Bank, down between 2% and 3.4%.
6% down at 25,256 on Thursday, reaching the lowest since July 24, in line with broader weakness across European markets. Oil prices climbed further, adding to pressure on sovereign bonds amid heightened tensions in the Middle East. The Houthis reportedly fired missiles at Saudi Arabia, while an adviser to Iran’s Supreme Leader warned against opening a new front in response to a potential US attack. Traders also eyed high-stakes summit between US President Trump and Chinese leader Xi Jinping, with trade, AI and the Middle East war among the key issues on the agenda.
Several sectors faced pressure, particularly tech, alongside autos, banks, retailers and industrials. 4%.