Snapshot: The DAX is trading at 25275, down 0.34% on the session, as lingering geopolitical concerns related to US strikes in Iran and Ukraine uncertainty weigh on sentiment. Despite relatively benign domestic data with German HICP at 2%, risk-off flows are dominating the early narrative.
- Watch 25181 as intraday support. A break could trigger further selling.
- US-Iran peace talk uncertainty and oil price volatility pose a continued risk.
Bias into NY: Expect further downside pressure on the DAX. US 10Y yields are softening slightly, but overall risk sentiment is driving flows, potentially pushing the German index lower towards the 25000 level.