The DAX 40 remained in negative territory on Wednesday afternoon, trading below 24,270 and marking its lowest level since mid-May. Sentiment was weighed down by renewed weakness in technology stocks amid persistent concerns over stretched valuations. Geopolitical risks also stayed in focus, with tensions in the Middle East elevated as hostilities between the US and Iran intensified.
On the macroeconomic front, the latest US inflation data broadly matched analysts’ expectations, helping to temper fears of a re-acceleration in price pressures. Investors now turn their attention to the ECB’s policy decision due on Thursday.
SAP was the index’s worst performer, falling nearly 5%, as investors grew cautious ahead of Oracle’s earnings release later in the day. Other notable decliners included Scout24, Siemens Energy, Siemens, Siemens Healthineers and Beiersdorf, which lost between 1.2% and 2.6%.
In contrast, Deutsche Telekom and Fresenius SE & Co each gained 1.4%, while Adidas rose 1.3% and Symrise added 1%, making them the session’s top performers on the upside.
