DAX falls 0.63% to 25,818 points at midday
Published on 11/03/2026 at 13:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDAX under pressure at midday
- The DAX stood at 25,818.22 points in Xetra trading at 12:08 Berlin time on November 3, down 0.63 percent from the previous close.
- Technology weakness, renewed tensions involving Iran and rising oil prices weighed on sentiment, while Bayer and Lufthansa provided support.
- Investors were also watching the US midterm elections, the ongoing European earnings season and Friday's US employment report.
The DAX traded lower in Tuesday's midday session, extending the cautious tone that followed a stronger start to the week. The index stood at 25,818.22 points in Xetra trading at 12:08 Berlin time, down 0.63 percent from Monday's close of 25,981.09 points, according to finanzen.ch. The level was also about 0.55 percent below the DAX midday value covered by this publication on October 29.
Technology weakness sets the tone
Market sentiment was dampened by weakness in US technology stocks and concerns about the profitability of artificial-intelligence infrastructure. Apple had exceeded expectations with its latest iPhone results, but warned that higher memory-chip prices would pressure margins during the holiday quarter. Oracle's plan to raise 20 billion US dollars through debt and equity financing also renewed questions about the funding requirements and returns of its data-centre expansion, as reported by Yahoo Finance.
The pressure was visible across several DAX technology and growth names. At the time of the midday report, SAP was down 2.95 percent, Zalando 2.89 percent and MTU Aero Engines 2.86 percent. By contrast, Bayer gained 4.20 percent after its stronger pharmaceutical business improved the company's outlook, while Fresenius Medical Care rose 2.00 percent, according to finanzen.ch.
Geopolitics and US vote in focus
Oil prices recovered part of the previous session's decline after reports of renewed US military action against targets in Iran. That added another source of uncertainty for European investors, particularly in sectors sensitive to energy costs. Lufthansa nevertheless gained after quarterly figures, while its narrowed 2026 operating-profit range was attributed mainly to higher fuel expenses in the market account by t-online.
The US midterm elections were scheduled for Tuesday, keeping political risk in the foreground. Deutsche Börse had also identified the election outcome, the continued earnings season and Friday's US employment data as important market events for the week in its weekly outlook. The DAX remained in an open trading session, so the midday level did not represent a closing value.
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