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DAX Drifts Lower In Cautious Trade Amid Middle East Tensions

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

German stocks slipped into negative territory on Wednesday amid escalating tensions between Iran and the U.S. following the former attacking U.S. bases in Jordan and Bahrain, retaliating to the U.S. attack on the Islamic Republic.

The US said it carried out a series of strikes on Iranian military and surveillance sites in response to the downing of an American helicopter in the Gulf.

Investors also looked ahead to the U.S. inflation data due later in the day, and the European Central Bank's monetary policy announcement on Thursday.

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Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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