DAX Slips Into the Red

2026-05-04 10:40 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 pared early gains to trade 0.8% lower around 24,100 on Monday, as traders weighed escalating hostilities in the Middle East and renewed tariff threats from US President Trump.

Oil prices climbed after a US warship attempting to pass through the Strait of Hormuz was reportedly hit by two missiles launched by the Iranian Navy and forced to turn back.

The incident follows Tehran’s warning that US plans to escort vessels through the Strait of Hormuz would constitute a ceasefire violation.

Meanwhile, President Trump announced on Friday an increase in US tariffs on cars and trucks from the EU from 15 to 25%, effective this week, citing non-compliance with a previous trade agreement.

Shares of BMW, Mercedes-Benz, and Volkswagen subsequently fell between 2.4 and 3.3%.

Continental 's ex-dividend stocks slipped 5%.

On the upside, Rheinmetall, Infineon and Siemens Energy posted the biggest gains, ranging between 1%-3%.



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