Open account

DAX Slips 0.05% to 25,091 on Geopolitical and AI Concerns

On July 10 the DAX retreated 0.05% to 25,091.09 after opening higher, as renewed Iran-U.S. tensions and stretched AI valuations weighed on sentiment. The index had surged to successive records of 25,797 on July 3 and 25,902 on July 6, fueled by strong factory orders and ECB rate-cut hopes, before Middle East escalation triggered a 2.35% plunge on July 8. A modest 0.83% rebound followed on July 9, but profit-taking and sector weakness in Infineon and Rheinmetall capped the recovery.

Category

Germany 40

Sentiment

Neutral

Event

Market commentary

Reading time

1 min