DAX on Cautious Note

2026-06-09 07:52 By Luisa Carvalho 1 min. read

The DAX 40 was slightly lower around 24,550 on Tuesday, the lowest level since May 19, marking the third session of decreases, amid lingering geopolitical uncertainty.

Iran and Israel had agreed to temporarily halt their mutual attacks following a request from President Trump, although both sides warned of harsher retaliation should the terms of the truce be violated.

At the same time, caution prevailed ahead of the ECB's policy decision on Thursday, with the central bank expected to lift interest rates by 25 bps.

Among the index's biggest decliners, Bayer dropped 1.7% and SAP lost 1.5%.

Rheinmetall fell more than 1% after Morgan Stanley downgraded the European defense sector to "Equal-Weight." On the upside, Symrise climbed 4.1% after JPMorgan reiterated its Buy rating and kept its price target at €100.

Other top performers were Infineon Technologies (2.3%) and Zalando (2%), with broader strength also seen across banks and financial stocks.



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