FX.co ★ German Stocks Drop for 3rd Day

The DAX index dipped by 0.6% to fall below the 23,200 mark in early Thursday trading, marking its third consecutive day of declines and reaching its lowest point since early May. This downturn was fueled by growing investor concerns over a possible US military intervention in the Middle East. Tensions escalated as aerial attacks persisted between Israel and Iran for the seventh consecutive day, with uncertainty lingering over President Donald Trump's intentions regarding potential US involvement in strikes against Tehran. Concurrently, the US Federal Reserve maintained its interest rates on Wednesday, with Fed Chair Jerome Powell cautioning about potential inflationary pressures following the Trump administration’s proposed tariffs. In the corporate sector, significant declines were observed in companies such as Zalando, which fell by 2.5%; Sartorius, down by 1.4%; SAP, dropping 1.4%; Siemens Energy, declining by 1.1%; Infineon, decreasing by 1.5%; and Adidas, which saw a decrease of 1.3%.