At 9:30 a.m. on Monday the DAX settled around 21,975 points, meaning a decline of roughly 1.8 % from Friday’s closing level. The index’s top performers were Deutsche Börse, Brenntag, and Mercedes‑Benz, while the laggards included Vonovia, Rheinmetall, and Siemens Energy.
Consorsbank’s chief market analyst, Jochen Stanzl, explained that the Iran conflict has boiled down to a simple trade‑off for most investors: either the Strait of Hormuz becomes navigable again, or there will be no fresh entry into the stock market. The longer the bottleneck persists, the higher oil prices will climb, and the prospects for profits of the cycle‑heavy DAX stocks will worsen.
Stanzl added that “fixed‑income instruments without price risk are the current winners”. Investors are more focused on protecting capital than chasing returns, pushing demand for hedges higher. A further slide in the market cannot be ruled out.
The Euro traded slightly softer that morning. One euro was worth 1.1544 U.S. dollars, and one dollar fetched 0.8663 euros.
Brent crude prices also climbed sharply, reaching $113.90 per barrel at about 9:00 a.m. German time-an increase of 1.5 % from the previous trading day’s close.