DAX Finishes on Negative Note

2026-04-13 16:12 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 pared early losses to close about 0.3% down at 23,750 on Monday, in line with other European peers, as traders assessed the latest geopolitical developments.

Tensions escalated after President Trump announced a naval blockade following the collapse of negotiations, with further military strikes being considered.

Oil and gas prices rose in response, though traders still hope a deal can be reached.

At the same time, market participants continued to weigh the Hungary’s election outcome, with attention shifting to the start of earnings season.

Telecoms, consumer cyclicals and banks were the most pressured.

Deutsche Telekom slipped nearly 6% after JP Morgan cut the company's target price to €40 per share from €41.5, citing competitive pressure at T-Mobile US.

Lufthansa dropped 3.2% on the back of surging oil prices and a new pilots’ strike that disrupted German airports.

On the upside, SAP and Rheinmetall advanced firmly, both adding over 2%.



News Stream
DAX Finishes on Negative Note
Frankfurt's DAX 40 pared early losses to close about 0.3% down at 23,750 on Monday, in line with other European peers, as traders assessed the latest geopolitical developments. Tensions escalated after President Trump announced a naval blockade following the collapse of negotiations, with further military strikes being considered. Oil and gas prices rose in response, though traders still hope a deal can be reached. At the same time, market participants continued to weigh the Hungary’s election outcome, with attention shifting to the start of earnings season. Telecoms, consumer cyclicals and banks were the most pressured. Deutsche Telekom slipped nearly 6% after JP Morgan cut the company's target price to €40 per share from €41.5, citing competitive pressure at T-Mobile US. Lufthansa dropped 3.2% on the back of surging oil prices and a new pilots’ strike that disrupted German airports. On the upside, SAP and Rheinmetall advanced firmly, both adding over 2%.
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The DAX Index Closes 0.26% Lower
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DAX Drops on Monday
Frankfurt's DAX 40 fell more than 1% to below 23,600 on Monday, as risk aversion intensified after US–Iran peace talks collapsed and Washington announced a blockade of the Strait of Hormuz. Rising tensions pushed oil prices above $100 a barrel, reigniting fears of energy-driven inflation. Investors also watched Hungary’s election outcome, expected to reinforce the EU’s stance, while focus shifts to the start of earnings season on both sides of the Atlantic. Most sectors experienced selling pressure, particularly banks, consumer cyclicals, technology, and industrials. In equities, Lufthansa slipped nearly 5% on rising oil prices and a new pilots’ strike that disrupted German airports. Other top losers included Deutsche Telekom, MTU Aero Engines, Airbus, Continental and Commerzbank, all down more than 2%. On the upside, Rheinmetall (2%) advanced the most.
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