DAX Starts Week on Negative Note

2026-08-24 07:37 By Luisa Carvalho 1 min. read

The DAX 40 fell about 0.3% to below 26,100 on Monday, reversing gains from the prior session, pressured by technology stocks, amid nervousness ahead of Nvidia’s earnings.

Investors also awaited details on new US sanctions on Iran due later in the day.

The US administration recently stated its intention to increase economic pressure on Iran and its trading partners in order to bring about an end to the war with Iran.

Meanwhile, the Jackson Hole symposium later this week will be closely watched for clues on interest rates.

In Europe, markets broadly expect the ECB to deliver another 25-basis-point rate hike in September, following its June increase. Among key movers, Volkswagen (-1.7%), Siemens Energy (-1.2%) and SAP (-1%) posted the biggest losses.

On the upside, Brenntag (1.1%), BASF (0.9%) and Beiersdorf (0.7%) advanced the most.



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