DAX Lower at the Start of the Week

The DAX 40 edged lower toward the 25,000 mark on Monday, as geopolitical tensions returned to the forefront after the latest US-Iran escalation over the weekend. Fresh hostilities have disrupted traffic through the Strait of Hormuz, pushing oil prices higher and raising concerns over renewed inflationary pressures and the prospect of further monetary tightening. Markets also awaited the start of the US earnings season, with major banks among the first to report.. Meanwhile, the tech sector weakened, mirroring a broader semiconductor selloff. Infineon Technologies led losses among stocks, down over 2%. Shares of construction company Hochtief and energy technology group Siemens Energy, both beneficiaries of the artificial intelligence (AI) boom, also fell 1.8% and 0.3%, respectively. On the upside, top gainers included Scout24 (1.8%), Deutsche Telekom (1.6%) and Deutsche Borse (1.3%).




