FRANKFURT (dpa-AFX) - European investors faced a rude awakening following the weekend. Due to the further escalating situation in the Middle East and a rally in oil prices, the Dax came under significant pressure again in early Monday trading. The focus remains on Iran, which has appointed a new Supreme Leader in the son of the deceased Ayatollah Ali Khamenei. A swift end to the war and a normalization of oil production in the region remain unforeseeable.
The benchmark Dax index slumped 2.6 percent to 22,974 points in the opening minutes. The collapse was not quite as massive as it appeared in pre-market trading, when indications had already reached the 22,700-point range. A report in the "Financial Times" speculated whether the situation could be calmed by the release of oil reserves. The Dax slipped below the 23,000-point mark, briefly hitting its lowest level since May 2025.
The MDax of medium-sized companies fell by 2.8 percent to 28,664 points on Monday. The Eurozone benchmark index, the EuroStoxx 50, also lost nearly three percent./tih/nas
