Bearish
DAX 40 drops over 1% to 25,980 amid rising oil prices and inflation concerns.
The DAX 40 declined by more than 1% to approximately 25,980, its lowest level since late July. This downturn was driven by escalating oil prices and heightened inflation worries, leading to expectations of further interest rate hikes. Eurozone inflation rose to 3.3% in August, the highest since September 2023, reinforcing forecasts of a more restrictive policy stance from the European Central Bank. ([fx.co](https://www.fx.co/en/forex-news/3132779?utm_source=openai))
Key points
- DAX 40 falls over 1% to 25,980 amid rising oil prices and inflation concerns.
- Eurozone inflation hits 3.3% in August, highest since September 2023.
- MTU Aero Engines leads DAX decliners with a 2.7% drop.
- Merck gains 1.6% after HSBC's buy recommendation.
Sources
AI-generated from public news sources. Not financial advice.
