FX.co ★ DAX Slips Amid Geopolitical Tensions

On Tuesday, the DAX index in Frankfurt experienced a decline of over 1%, hovering around the 23,375 mark. This downturn mirrors the overall negative atmosphere pervading markets due to heightened concerns about a possible escalation in the Israel-Iran conflict. The hostilities between the two nations have entered their fifth day, and President Trump has called for the evacuation of Tehran, Iran's capital. Concurrently, Israel has vowed to persist in its offensive actions. The tension in the Middle East has adversely affected auto and tech stocks, contributing to the early losses. Among the auto sector, Mercedes-Benz Group shares dropped by 0.49%, while BMW, Porsche, and Volkswagen also saw declines. In the technology sector, SAP and Infineon Technologies registered losses of 0.93% and 1.22%, respectively. Additionally, renewable energy stocks are facing pressures following reports that the Senate Finance Committee is contemplating the gradual elimination of solar and wind tax credits by 2028. As a result, stocks such as SMA Solar Technology fell by 5.5%, and Nordex experienced a 2.5% decrease.