DAX Down for 2nd Day

2026-09-08 07:50 By Luisa Carvalho 1 min. read

The DAX 40 was down for a second session on Tuesday, falling 0.3% to around 25,930, in line with its European peers.

Persistently high oil and gas prices amid continued hostilities in the Middle East fueled inflation worries ahead of this week’s European Central Bank meeting.

The ECB is expected to raise borrowing costs by another 25 basis points to 2.5% on Thursday, which would mark the second rate hike this year.

The technology sector was the hardest hit, alongside banks, insurers and industrials.

Infineon Technologies slumped nearly 3%, making it the worst performer, following a downgrade by Morgan Stanley to "equal weight" from "overweight".

Other notable decliners indluded Heidelberg Materials, Continental, Siemens Energy, Adidas, Airbus and Deutsche Bank, with losses ranging between 1%-2%.

On the upside, Fresenius SE & Co and Scout24 advanced the most, rising 1.7% and 1.5%, respectively.



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