02.09.202516:24:23UTC+00DAX Ends Sharply Lower

On Tuesday, the DAX in Frankfurt extended its downward trajectory, closing approximately 2.3% lower at 23,487, marking its lowest point since August 1st. This movement was in line with a broader global selloff prompted by rising government bond yields. Investors processed new economic data from both sides of the Atlantic. In Europe, the annual inflation rate in the Eurozone rose to 2.1% in August, up from 2% in July, surpassing the European Central Bank's target and market expectations. This increase bolstered predictions that policymakers will maintain interest rates at their current levels in the following week. Concurrently, geopolitical tensions, political instability in France, and concerns over tariffs continued to dampen market sentiment. On the corporate front, all sectors experienced losses. The most significant declines among stocks were observed in Vonovia (-6.1%), Siemens Energy (-5.8%), Fresenius Medical Care (-5.3%), Infineon Technologies (-4.5%), Siemens (-4.4%), and Sartorius (-3.9%).