DAX 40

Key insight

26,000 round number holding by a thread — a daily close below triggers a flush to the 25,600 50-day MA. Oil at $87.3 (+2.5%) squeezes German industrials; hold above 26,000 to stay constructive.

26,016 slips -1.0% as S&P 500 drops -0.7% and oil surges +2.5% — cost-push pressure hits export-heavy DAX constituents while 26,000 round support is tested.

Main risk

Oil spike — Brent at $87.3 (+2.5%)

Energy costs surge 2.5% in a single session — BASF, Lufthansa, and heavy industrials face direct margin compression at current input prices.