DAX Closes Lower, Posts Monthly Loss
Frankfurt's DAX 40 lost further ground to close about 0.8% down at 25,211 on Wednesday, hitting the lowest since July 24, mirroring its European peers. Market sentiment remained pressured by surging oil prices and elevated bond yields amid persistent Middle East risks. Meanwhile, investors assessed a batch of economic data from Europe and the US, particularly inflation. Signs of rising price pressures across major eurozone economies raised expectations that the ECB may need to keep monetary policy tight for longer. Media, insurance, industrials, telecom and banks were the hardest hit, while retailers and tech advanced the most. The index recorded a monthly decline of roughly 4%, but posted a 0.9% quarterly gain.
8% down at 25,211 on Wednesday, hitting the lowest since July 24, mirroring its European peers. Market sentiment remained pressured by surging oil prices and elevated bond yields amid persistent Middle East risks. Meanwhile, investors assessed a batch of economic data from Europe and the US, particularly inflation. Signs of rising price pressures across major eurozone economies raised expectations that the ECB may need to keep monetary policy tight for longer.
Media, insurance, industrials, telecom and banks were the hardest hit, while retailers and tech advanced the most. 9% quarterly gain.