DAX Starts Week on Negative Note
2026-05-18 07:52
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 fell 0.5% to near 23,800 on Monday, aligning with other European peers, as concerns grew over escalating US-Iran tensions.
President Donald Trump on Sunday warned Iran to move quickly toward a peace agreement and is set to meet top advisers in the Situation Room on Tuesday to discuss potential military actions.
Markets also reacted to reports of a drone strike that caused a fire at a UAE nuclear facility and Saudi Arabia’s interception of three drones.
Among single stocks, Heidelberg Materials and Vonovia posted the steepest declines, falling more than 2% each.
MTU Aero Engines, Volkswagen, Mercedes-Benz Group, Brenntag and BMW also saw pressure, with losses of over 1%.
On the upside, Deutsche Borse and Infineon Technologies advanced the most, rising 2.1% and 1.5%, respectively.