The DAX 40 edged lower to around 24,550 on Tuesday, its weakest level since May 19 and the third consecutive session of losses, as geopolitical tensions continued to weigh on sentiment. Iran and Israel agreed to a temporary halt in reciprocal attacks following a request from President Trump, though both sides warned of severe retaliation if the truce is breached.
Investors also remained cautious ahead of Thursday’s ECB policy meeting, where the central bank is widely expected to raise interest rates by 25 basis points.
Among the index’s main laggards, Bayer slipped 1.7% and SAP fell 1.5%. Rheinmetall declined more than 1% after Morgan Stanley downgraded the European defense sector to “Equal-Weight.” On the upside, Symrise gained 4.1% after JPMorgan reaffirmed its “Buy” rating and maintained its price target at €100.
