DAX Attempts Recovery
2026-07-13 10:40
By
Luisa Carvalho
1 min. read
The DAX 40 moved slightly into positive territory on Monday, rising 0.2% to near 25,120, buoyed by gains in telecom and chemical stocks, while traders remained attentive to developments in the Middle East.
The United States launched fresh strikes on Iran following a weekend of escalating attacks, prompting Tehran to retaliate across the Middle East.
Concerns over energy disruptions intensified after Tehran announced the closure of the Strait of Hormuz, reviving fears of higher inflation and prolonged elevated interest rates.
Meanwhile, the tech sector continued to face pressure.
Attention was also turning to the start of the earnings season in the US.
Among the top performers were shares of Deutsche Telekom, Siemens Healthineers, Zalando, and BASF, with gains ranging from 1.4% to 2.6%.
Infineon Technologies led losses, falling 1.7%, as a wave of profit-taking in AI-related semiconductor stocks spread from Asia to global markets.