FRANKFURT (dpa-AFX) - The Dax is expected to follow Friday's weak performance as the new week begins. Approximately two and a half hours before the Xetra open, broker IG signaled an 0.8 percent decline for the German benchmark index, placing it at 23,758 points. Overnight, the index even dipped below the 23,700 mark. This puts the Dax at risk of slipping below its 200-day exponential moving average. This long-term trend indicator has been moving sideways for weeks, reflecting the Dax's search for direction amid sharp volatility in both directions.
In the U.S., the recent AI-driven rally paused on Friday. Both the broad S&P 500 and the tech-heavy Nasdaq 100 retreated from their record highs. Rising oil prices and exceptionally high bond yields dampened investor appetite, factors that continued to dominate market activity in Asia this morning.
Meanwhile, U.S. President Trump added fuel to the fire in the deadlocked Iran conflict. 'The clock is ticking for Iran, and they better move FAST, or there will be nothing left of them,' he wrote on his Truth Social platform. 'TIME IS RUNNING OUT!' Consequently, there is currently little hope for a correction in oil prices./ag/zb
