German Blue Chips End Lower as Zalando Plunge Offsets Bayer's Landmark Legal Win
Published on 06/27/2026 at 13:37 | Redaktion boerse-global.de
A potent cocktail of global rate anxieties, Middle East tensions, and a damaging regulatory probe at Zalando dragged the DAX 1.29% lower to 24,671 points on Friday, drowning out a historic Supreme Court victory for Bayer that sent its shares rocketing more than 18% higher. Iran’s Revolutionary Guard reportedly attacked a merchant vessel in the Strait of Hormuz, pushing Brent crude to around $73.70 a barrel and gold to roughly $4,081, adding a fresh layer of geopolitical uncertainty to an already jittery session. The index now sits just 1.6% above its 200-day moving average and 3.28% below January’s record peak of 25,508.
Bayer was the star performer after the US Supreme Court ruled that federal law overrides state-level warning labels on glyphosate, effectively gutting the legal foundation of thousands of pending lawsuits. The stock surged over 18%, marking its biggest single-day gain in years. Volkswagen also bucked the trend, climbing 3.9% even as it confirmed plans to cut up to 100,000 jobs worldwide and potentially close four German plants. Analysts said investors were rewarding the scale of the restructuring, though IG Metall and the works council have vowed to fight back. On the flip side, Zalando collapsed 6.32% to €24.92 after the BaFin launched an examination of the group’s 2025 annual accounts over possible irregularities in the disclosure of a transaction linked to the About You acquisition. The DZ Bank slashed its price target from €38 to €27. Infineon, caught in the global semiconductor selloff that saw Japan’s Nikkei tumble 4.15% and South Korea’s KOSPI shed 6%, lost 4.5% on the day. Vonovia, sensitive to rising rates, also slid.
Technically, the DAX barely held above its 50-day moving average at 24,604 points, while the 24,500 support level withstood intraday selling pressure. The relative strength index stands at 48.3, well short of oversold territory, suggesting further downside cannot be ruled out. The index is now just 0.54% higher for the year. Investors will pivot to German preliminary inflation data for June on Monday; a sticky reading could reignite European Central Bank tightening fears, while softer numbers might ease the selling pressure. Across the Atlantic, US consumer prices for May remain above 4%, reinforcing expectations that the Federal Reserve will deliver another rate hike, a headwind for export-heavy DAX companies.
Should investors sell immediately? Or is it worth buying DAX?
The coming week brings concrete decision points. Volkswagen’s supervisory board meets on July 9 to finalise its cost-cutting package, while the outlook for future ECB and Fed policy will be shaped by the inflation releases. Chart watchers see the 24,600 area as the next line of defence, with a break below opening the door to the 24,500 support zone.
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