Dax currently: Dax is down – Oil prices rise after attacks in the Middle East
The Dax cannot build on its record high from Friday. Investors remain cautious in view of the new attacks in the Middle East and persistently high inflation in Germany.
The Dax suffered a significant decline on Monday, falling 1.2% to 26258 points, its largest daily loss since July 23. The drop was attributed to rising oil prices and profit-taking after recent record highs. Zalando, Continental, and Brenntag were among the few gainers, while Siemens Energy, Rheinmetall, and Heidelberg Materials experienced significant losses.
The Dax had reached a new record high of 26618.74 points on Friday, but the surge made it vulnerable to profit-taking. The market is also reacting to new military tensions between Washington and Teheran, which have driven up commodity prices.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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