DAX Finishes Lower

2026-05-04 16:26 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 closed about 1.2% lower at 24,036 on Monday, as traders weighed escalating Middle East hostilities and conflicting US and Iranian statements regarding the status of the Strait of Hormuz.

Iran claimed it had struck missiles at US military vessels and launched drones against the UAE, while the US said it had successfully escorted commercial ships out of the Persian Gulf under its maritime operation.

Among key movers, Deutsche Post plunged 7.1%, after Amazon announced it will open its logistics network to third-party companies via “Amazon Supply Chain Services.” Continental slipped 5.1%, BASF fell 3.9% and RWE was down 3.5%, as they traded ex-dividend.

Automotive stocks such as Mercedes-Benz (-3.6%), Volkswagen (-2.6%) and BMW (-2.6%) came under pressure after US President Trump announced plans to raise import duties on cars from the EU to 25%, up from 15%.

On the upside, Rheinmetall rose 2.4% to lead the index after a buy recommendation from Spanish bank Santander.



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