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2026.06.0114:39:12UTC+00DAX Turns Negative

The DAX 40 slipped 0.7% to below 25,000 on Monday afternoon, tracking losses across other major European indices after reports that Iranian negotiators had broken off talks with the US in response to Israeli military operations in Lebanon. Tehran also threatened to completely block the Strait of Hormuz and signaled it would extend its escalation to the Bab al-Mandab Strait in the Horn of Africa, citing alleged ceasefire violations.

The weekend saw a new round of US-Iran confrontations, while Israel broadened its military campaign in Lebanon. Energy-sensitive industrial stocks, especially in defense and aerospace, came under significant pressure, with Rheinmetall down 5.8%, Airbus 3.9%, and MTU Aero Engines 3.5%. In contrast, software names were among the session’s strongest performers, led by SAP, which jumped 6.8%.

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