Dax current: Dax closes significantly in the minus - Siemens Energy is the biggest loser
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 index fell 1.2% to 26,258 points on Monday, its largest daily loss since July 23. The decline was attributed to rising oil prices and profit-taking after recent record highs. Oil prices surged due to new military attacks between Washington and Tehran, with Brent crude rising 3% to nearly $91 per barrel. The German inflation rate rose to 2.9% in August, and bond yields reached a 15-year high, with the 10-year German bond yield at 3.32%.
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.
