DAX Down for 3rd Day

2026-07-17 08:11 By Luisa Carvalho 1 min. read

The DAX 40 finished about 0.3% down at around 24,800 on Friday, marking the third straight of losses, pressured by a sharp selloff in tech stocks and concerns about escalating tensions in the Middle East.

Oil prices climbed as the United States and Iran intensified attacks across the Gulf, keeping inflation concerns alive.

Markets largely expect the ECB to maintain rates steady next week before potentially delivering a cut in September.

Banks, techs, industrials, retailers and consumer stocks were the hardest hit.

Among top losers, Commerzbank and Deutsche Bank slipped 3.1% and 2.7%, respectively.

Siemens (-2.3%) followed, with chipmaker Infineon Technologies (-1.6%) and AI infrastructure-linked Siemens Energy (-0.7%) and Hochtief (-2.2%) also falling.

On the upside, Rheinmetall (2.1%), Deutsche Telekom (1.9%) and E.ON (1.8%) stood out.

For the week, the index declined roughly 1%.



News Stream
The DAX Index Closes 1.17% Lower
The DAX Index fell 312 points or 1.17 percent on Monday to close at 26258 points. Leading the losses are Siemens Energy (-5.02%), Rheinmetall (-3.23%) and Vonovia (-2.92%).
2026-08-31
DAX Lags Peers, Still Books Monthly Gain
The DAX 40 extended losses to close about 1.2% down at 26,282 on Monday, snapping a four-day advance and lagging behind its European peers. Most sectors traded lower, led by industrials, technology and financials. Market sentiment was pressured by the renewed escalation of tensions in the Middle East.and the prospect of higher interest rates. On the data front, preliminary figures showed Inflation in Germany rose to 2.9%,in August, a fresh acceleration from July's 2.8% but below the expected 3.1%..Inflation in the bloc is expected to come in at 3.3% in August, up from 2.9% in the previous month, potentially adding pressure on the ECB to tighten policy later this month. Siemens Energy was the biggest laggard, dropping 5%, followed by Rheinmetall, Vonovia, Heidelberg Materials, Airbus and MTU Aero Engines, with losses between 1.9%-3.4%. On the upside, top performers included Continental /2.4%), Zalando (2%) and Brenntag (2%). For the month, the index advanced 2.5%.
2026-08-31
DAX on Negative Note
The DAX 40 fell about 0.6% to around 26,400 on Monday, ending a four-day rally that had pushed the index to record highs last week and underperforming its European peers. Renewed US-Iran strikes in the Middle East and a hawkish inflation stance from Federal Reserve Chair Kevin Warsh in his Friday speech at Jackson Hole weighed on market sentiment, pushing oil prices and bond yields higher. On the data front, the release of inflation data was in focus today. Most sectors traded in the red, led by industrials. Siemens Energy led the losses, down more than 4%, while MTU Aero Engines and Heidelberg Materials fell over 1% each. Technology and AI-related stocks also came under pressure, with SAP, Infineon Technologies and Hochtief declining between 0.7% and 1.9%. The index was set to gain around 3% for the month.
2026-08-31