Germany’s DAX 40 fell about 0.3% on Thursday to below 26,000, its lowest level since late July and fourth consecutive session of losses. Investors remained cautious over inflation and geopolitical risks despite a surprise US Treasury move that eased pressure on government bonds worldwide. Negotiations over the US-Iran conflict stayed deadlocked as the Trump administration shifted away from military intervention toward intensified economic pressure on Tehran. Weakness in software, chemical and telecom stocks outweighed gains in autos, chipmakers and utilities. Earlier Gate data cited by Odaily Planet Daily had put the index at 25,999.45, down 0.5% over 24 hours.