Dax current: Dax closes below 26,000 mark - inflation worries weigh on prices
Investors in the German leading index are being cautious at the start of the new month. Rising interest rates on the bond market and high oil prices are weighing on the Dax.
The Dax index fell to 25,970 points, a 1.1% decrease, breaking the 26,000-point mark. This decline follows a record high set earlier in the week and is attributed to various factors, including rising oil prices due to tensions between the US and Iran. The oil price increase has also driven up gas prices in Europe to their highest level in over three years.
Additionally, a global sell-off in government bonds has led to rising yields, with the 10-year German bond yield increasing by 1.1%. The European Central Bank's next interest rate decision is set for September 10.
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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