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DAX Slides Below 24,000 as Rally Buckles

Rising long-term yields are prompting a turn toward caution.

Overview

  • The index fell 2.29% to 23,487.33 on Tuesday, breaking the 24,000 threshold and dropping beneath its 100‑day moving average.
  • Rate‑sensitive real estate names led declines, with Vonovia down about 6.1% as property stocks lagged across Europe.
  • Long-dated government bond yields climbed to multi‑year highs, elevating financing costs that pressure equity valuations.
  • A weak U.S. reopen after the holiday and concern over a recent tariff ruling were cited as additional drivers of selling.
  • Early calls point to a small technical bounce, though a clear sell signal below 24,000 leaves support near 23,400 in focus.