DAX Extends Losses
2026-04-28 07:54
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 fell 0.4% to below 24,000 on Tuesday, the seventh consecutive session of losses, as traders continued to weigh the lack of progress in US–Iran negotiations over reopening the Strait of Hormuz, along with rising oil prices.
US President Trump and his national security team are reportedly skeptical of Iran’s proposal to reopen the Strait of Hormuz and postpone discussions on its nuclear activities.
Investors also focused on corporate earnings and upcoming major central bank decisions later this week.
Qiagen NV was the biggest laggard, down over 6% on weaker Q1 results and reduced full-year 2026 guidance.
Bayer fell as much as 6.5% as the US Supreme Court appeared divided in its handling of the glyphosate litigation.
Henkel fell 2.2% as the stock traded ex-dividend today.
On the upside, RWE gained 1.5% after Barclays reiterated a Buy rating, while Deutsche Börse rose 0.7% after reporting an 11% increase in Q1 net profit and confirming its 2026 guidance.