DAX loses 1.04 percent at midday as oil and yields rise
Published on 10/07/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
The DAX was indicated at 25,095 points at 1:04 p.m. CEST on October 7, 2026, down 265 points, or 1.04 percent, from the previous close in Lang & Schwarz trading. The decline followed three sessions of gains as higher oil prices and rising bond yields weighed on European equities, Reuters reported.
Drivers of the day
Oil prices climbed as markets assessed supply constraints linked to a storm approaching US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia. European and US bond yields also moved higher, adding pressure to equity valuations, according to Reuters.
Auto stocks faced an additional company-specific pressure point. Mercedes-Benz said third-quarter vehicle sales fell 8 percent year over year to 407,200 vehicles, while deliveries in China declined 31 percent to 86,800, Reuters via Investing.com reported.
What is ahead
Attention later turns to the Federal Reserve's minutes from its September 15-16 meeting. The release is scheduled for 2:00 p.m. ET, or 8:00 p.m. CEST, on October 7, 2026, with markets looking for guidance on the rate path, according to PipTheory. The DAX is scheduled to trade again on October 8, 2026.
