DAX Closes Lower for 2nd Day

2026-09-15 16:17 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 pared initial losses to close about 0.2% down at 25,402 on Tuesday, marking the second day of decreases, as rising oil prices and elevated bond yields continued to weigh.

Meanwhile, caution prevailed ahead of the Fed's policy outcome on Wednesday, with the central bank expected to hike rates for the first time in three years to fight stubbornly high inflation.

Domestically, Chancellor Friedrich Merz vowed to soon unveil measures to combat high fuel prices ahead of a crucial election in Mecklenburg-Western Pomerania.

Banks came under pressure after Bank of America CEO Brian Moynihan warned of a 10% drop in third-quarter fees.

Deutsche Bank and Commerzbank fell 2.5% and 0.5%, respectively.

On the upside, defense stock Rheinmetall (+3.2%) advanced firmly amid continued geopolitical tensions and reports of US munitions shortages.

Tech stocks such as Infineon Technologies recovered, gaining 0.4%, while AI-related stocks such as Siemens Energy and Hochtief also rose.



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