Frankfurt’s DAX 40 slipped 0.4% to around 22,500 on Tuesday, erasing the previous session’s gains as investors remained focused on the conflict in the Middle East. Although comments from President Trump on Iran offered some reassurance, Tehran has repeatedly denied engaging in talks with the United States, keeping risk appetite subdued.
Markets also closely monitored flash PMI releases for signs of how the war and elevated energy prices are affecting the economy. Growth in Germany’s private sector eased to a three-month low, with the services sector losing further momentum.
Technology and industrial stocks led the declines. Among individual names, SAP and Infineon were among the weakest performers, shedding 3.6% and 2.1%, respectively. Bayer, Airbus, Rheinmetall and MTU Aero Engines also came under pressure, falling between 1.6% and 3%, while Deutsche Bank slipped 1.4%.
On the upside, Brenntag, BASF and Deutsche Telekom posted the strongest gains on the index, each advancing more than 1%.
