DAX Turns Negative
2026-06-01 14:39
By
Luisa Carvalho
1 min. read
The DAX 40 reversed earlier marginal gains, falling 0.4% to settle at 24,994 on Monday, in line with other European peers, following reports that Iranian negotiators had ceased talks with the US in retaliation for Israeli military operations in Lebanon.
Tehran also threatened to fully block the Strait of Hormuz and said it would include the Bab al-Mandab Strait in the Horn of Africa in its escalation response to alleged ceasefire violations.
The weekend was marked by a new series of US-Iran clashes, with Israel also expanding military operations in Lebanon.
Energy-sensitive industrial stocks, particularly defense and aerospace names such as Rheinmetall (-6.6%), Airbus (-4.3%), and MTU Aero Engines (-3.9%), came under heavy pressure.
Other top losers included Bayer (-3.6%), Qiagen NV (-2.7%) and Heidelberg Materials (-2.5%).
On the opposite side, software stocks were among the biggest gainers, with SAP surging more than 8%.