DAX Faces Renewed Pressure
2026-07-14 07:42
By
Luisa Carvalho
1 min. read
The DAX 40 fell 0.7% to trade below 25,000 on Tuesday, following yesterday's slight advance, amid escalating US-Iran tensions.
The announced reinstatement of a US blockade around Iranian ports and President Trump's proposal to levy a 20% fee on cargo transiting the Strait of Hormuz have pushed oil prices sharply higher, raising fears of renewed inflationary pressures and tighter monetary policy.
Meanwhile, investors turned their attention to earnings reports from major US banks.
Most sectors were under pressure, particularly travel and leisure, industrials, software, pharmaceuticals, and retailers, while chemicals, autos, and utilities bucked the trend.
Industrial giant Rheinmetall (-2.6%), Lufthansa (-1.8%) and TUI (-2%) were the hardest hit among individual stocks.
Merck (-1.8%) and Bayer (-0.6%) also fell as pharmaceutical drug developer Evotec plunged 28% after cutting its full-year guidance.
On the upside, BASF and Brenntag stood out, adding more than 2% each.