DAX 40 falls 0.5% to lowest since July 24 as banks lead losses

  • DAX 40 fell about 0.5% on Tuesday, led lower by banking shares.
  • Around 25,300 marked the index’s lowest level since July 24.
  • Deutsche Bank fell 3.2% and Commerzbank declined 1.2% after Brian Moynihan’s warning.

The DAX 40 fell about 0.5% to around 25,300 on Tuesday, reaching its lowest level since July 24 and extending losses into a second session. Banks led the decline, with Deutsche Bank dropping 3.2% and Commerzbank losing 1.2% after Bank of America CEO Brian Moynihan warned that third-quarter fees could fall 10%. Elevated global bond yields and rising oil prices also weighed on the market. Technology stocks, including Infineon Technologies, remained weak after industry leaders called for slower AI development.

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