FX.co ★ DAX Attempts Recovery

The DAX 40 edged higher on Monday, adding 0.2% to trade near 25,120, supported by gains in telecom and chemical stocks, even as investors closely monitored mounting tensions in the Middle East. The United States launched new strikes on Iran after a weekend of escalating attacks, triggering retaliatory actions by Tehran across the region. Anxiety over potential energy supply disruptions deepened after Iran declared the closure of the Strait of Hormuz, reigniting fears of renewed inflationary pressures and the prospect of interest rates staying elevated for longer. At the same time, the technology sector remained under pressure, and focus was beginning to shift toward the upcoming US earnings season. Among the session’s strongest performers were Deutsche Telekom, Siemens Healthineers, Zalando, and BASF, which rose between 1.4% and 2.6%. On the downside, Infineon Technologies led the decliners, dropping 1.7% amid a broader round of profit-taking in AI-focused semiconductor stocks that originated in Asia and spread to global markets.