empty
 
 

11.06.202612:52:14UTC+00DAX Trades in the Red

The DAX 40 surrendered early gains to trade slightly lower around 24,120 on Thursday afternoon, as investors digested an escalation of tensions in the Middle East alongside the latest ECB policy decision. The US president warned that the US military would attack Iran on Thursday evening and subsequently move to take control of the country’s oil infrastructure as well as its oil and gas markets.

At the same time, the ECB, as widely expected, raised its key interest rates, but signaled a more challenging macroeconomic backdrop by revising inflation forecasts higher and trimming growth projections.

In corporate moves, SAP (-4.5%) remained the weakest performer on the index, weighed down by a decline in Oracle shares after the latter’s post-earnings spending plans. By contrast, Deutsche Telekom rose about 3% after a Wall Street Journal report indicated that CEO Tim Höttges is pursuing a merger between the German telecoms group and its US subsidiary, T-Mobile US.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback