The DAX fluctuated between slight gains and losses on Tuesday before ending the session nearly unchanged. Market observer Jochen Stanzl of Consorsbank spoke of “fear of touching the 25,000 mark” – lacking a “spark” for a breakout to the upside. Even the recovery on Wall Street, where strong demand for chip stocks drove the Nasdaq, did not spill over to the German market.
Investor caution was attributed to the first press conference of new Fed Chair Kevin Warsh. Ahead of the event, markets expected the Fed to keep interest rates unchanged. “Markets primarily want to know whether the Fed remains independent or whether political influence from the White House is increasing,” said market observer Maximilian Wienke of broker eToro. US economic data – retail sales rose 0.9 percent in May (forecast: 0.5 percent) – boosted sentiment across the Atlantic but did not lift the DAX.
Automaker BMW (Munich) shocked the stock market with a profit warning. Due to the crisis in the Chinese auto market and the consequences of the Iran war, the DAX-listed group sharply cut its annual outlook. For its automotive division, BMW now expects an operating profit margin before interest and taxes of just one to three percent this year – previously it had targeted four to six percent. Commerzbank, meanwhile, climbed to the top of the benchmark index.
EuroPulse reported on June 15, 2026, about Unicredit’s threat to replace Commerzbank’s management board and supervisory board (Unicredit threatens Commerzbank with replacement of management and supervisory board).
Source: Tagesschau
