MDAX loses 1.4 percent at midday as oil and yields rise
Published on 10/08/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
The MDAX traded at 29,710 points at 12:28 p.m. CEST on October 8, 2026, down 1.4 percent from Wednesday's close. Rising oil prices and higher bond yields weighed on German equities, according to Finanzen and Yahoo Finance.
Course and leading movers
The index opened at 29,918 points and reached an early low of 29,684 points, while the early high was 29,918 points, Finanzen reported. flatexDEGIRO rose 0.7 percent and K+S gained 0.7 percent among the early leaders. Aumovio fell 6.3 percent, Salzgitter lost 4.3 percent, Schaeffler declined 4.2 percent and KION Group dropped 3.3 percent.
Automotive suppliers were under pressure after OPmobility reduced its annual outlook. A Bank of America downgrade to Underperform also pushed Jungheinrich down more than 6 percent, while Südzucker fell 2.9 percent despite returning to profit, according to Borse-Zeitung.
Oil and rates set the tone
Brent crude rose 3.7 percent to USD 103.91, while Germany's 10-year yield stood at 3.48 percent and the U.S. 10-year yield was near 5.32 percent. DAX futures were near 25,080 points before the cash-market weakness extended, according to XTB.
What comes next
The ECB will publish the account of its September 9-10 meeting at 1:30 p.m. CEST. U.S. initial jobless claims are due at 2:30 p.m. CEST, followed by a 30-year Treasury auction at 7:00 p.m. CEST, according to XTB.
