Dax current: Below 26,000 points – Dax opens in the red ahead of the US midterms

Dusseldorf. Investors on the German stock market are uncertain about the upcoming elections in the USA. The Dax lost 0.9 percent in the morning and was trading at 25,753 points.

The leading German index is giving up the previous day's gains. At the start of the week it gained 0.6 percent and closed just below the 26,000 point mark.

On Wednesday night, Americans will re-elect a large part of their parliament. In the midterm elections, all 435 seats in the House of Representatives and 35 of the 100 seats in the Senate will be up for grabs.

Since the 2024 election, the Republicans led by US President Donald Trump have held the majority in both chambers. According to current polls, there are signs of a close race in both chambers. It is likely that the Democrats will be able to regain the majority in the House of Representatives. Things could get even tighter in the Senate; a forecast is hardly possible.

The results of the midterm elections could have far-reaching consequences for the global geopolitical situation and the global economy. If Trump loses the majority in one or even both chambers, the Democrats could block many of the president's plans and would be strengthened in their control function.

After oil and gas prices fell by up to eight percent on Monday and thus supported the Dax, prices rose again on Tuesday. The price for a barrel (159 liters) of North Sea Brent crude oil for delivery in January rose by 1.6 percent to $106.39. The US WTI light oil for delivery in December rose by 1.4 percent to $97.82.

A US government official said these were limited attacks and not a resumption of major fighting. Another insider from the Reuters news agency said it was a defensive measure against the use of surface-to-air missiles on US targets.

The markets had just started to price in a more diplomatic course, but now the mood has changed again, said Tim Waterer, chief market analyst at KCM Trade.

During the course of the day, investors are still hoping for economic stimulus from the USA. Incoming orders for industry in September will be published around 4 p.m.

Bayer: Thanks to a strong pharmaceutical business, Bayer performed surprisingly well in the third quarter and compensated for weaknesses in the agricultural division. The board raised the annual targets. The share gains almost six percent.

Zalando: Supported by robust corporate customer business, the online fashion retailer has increased sales and profits. Nevertheless, investors remain skeptical: the share loses 3.7 percent and slides to the bottom of the DAX.

Lufthansa: Lufthansa performed better than expected in the third quarter despite sharp increases in fuel costs. At 12.2 billion euros, sales were also slightly higher than the experts predicted. The share in the MDax gains two percent.