The Israeli Air Force attacked targets in Iran overnight on Monday in response to Iranian strikes. Previously, US President Donald Trump had urged Israeli Prime Minister Benjamin Netanyahu not to jeopardize ongoing peace talks between the US and Iran with further military action. 'As a result, all fears regarding persistent inflation are back in the market, hitting investors who must now decide whether to take some risk off the table before the summer break,' summarized Andreas Lipkow, chief analyst at broker CMC Markets.
At the same time, poorly received figures from US chipmaker Broadcom had already halted the weeks-long technology rally on Thursday. Investors are now awaiting the initial public offering of billionaire Elon Musk's aerospace company SpaceX, scheduled for Friday. This could attract significant capital flows and prompt investors to once again question highly valued growth stocks, warned Timo Emden of analysis firm Emden Research.
Among individual stocks, Airbus came under particular pressure with a two percent decline, sliding to the bottom of the Dax. According to a report by Bloomberg news agency, the aircraft manufacturer has informed some customers of delays for A320neo family aircraft scheduled for delivery in 2027 and 2028.
(Report by Sanne Schimanski, edited by Christian Götz. For inquiries, please contact our editorial office at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)
