DAX Slumps to 1-Month Lows

2026-03-02 17:24 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 closed about 2.6% lower at 24,672 on Monday, the lowest since early February and underperforming its European peers.

Investors continued to assess the economic fallout from the Middle East conflict, particularly the risk of disruptions to energy supply chains and the potential impact on global economic stability.

This could translate into a new inflationary surge, undermining forecasts so far of potential rate cuts by the Federal Reserve and the European Central Bank.

Among the hardest-hit companies were travel and tourism stocks, pressured by flight cancellations to the Middle East and soaring oil prices.

Lufthansa fell 4.6% and TUI dropped nearly 9%.

Chemical firms such as BASF and Brenntag declined 2.6% and 2.5%, respectively, partly due to higher natural gas costs.

The auto sector also faced heavy selling, led by BMW (-4.5%), Volkswagen (-4%), and Mercedes-Benz Group (-3.8%).

Retailers Zalando (-4.4%) and Adidas (-4%) also struggled.



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