Dax currently: Dax closes unchanged above 26,000-point mark
The leading index continues to struggle around the 26,000-point mark. Rising uncertainty in the Middle East and the expected interest rate hikes in the fall have caused investors to hesitate on Monday.
The Dax closed nearly unchanged at 26,007 points on Monday. US markets were closed due to Labor Day, resulting in a lack of impulses and little movement on the German stock market. The index had also closed nearly unchanged at 26,046 points on Friday. CapTrader chief market analyst Timo Emden expressed concerns that the situation remains fragile despite investors seemingly shaking off their worries. The focus was on high oil prices, driven by renewed attacks between the US and Iran on ships in the Strait of Hormuz.
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.
