FX.co ★ DAX Falls to Near 3-Week Low

The DAX 40 fell 0.9% to around 24,500 on Monday, its lowest level since May 19, as investors reacted to a renewed escalation in the Iran–Israel conflict and a fresh spike in oil prices. Both countries recently reported launching missile strikes against each other. At the same time, according to media reports, former US President Donald Trump urged Israeli Prime Minister Benjamin Netanyahu to refrain from retaliating against the latest Iranian attacks. Most sectors declined, with utilities the only notable exception. Travel stocks were under particular pressure, with TUI down 2.4% and Lufthansa 1.2%. Other major losers included Heidelberg Materials (-2.4%), Airbus (-2.2%), and MTU Aero Engines (-2%).