The DAX opened the trading week in the red and slipped below the psychologically important 25,000-point mark. According to Handelsblatt, the trigger is growing uncertainty about the situation in the Iran war, which is driving oil prices higher.
Market observers speak of a familiar pattern: rising crude oil prices regularly weigh on stock markets because they increase production costs and fuel inflation expectations. The DAX had recently tried several times to break through the 25,000-point mark but repeatedly fell back.
Source: www.handelsblatt.com
