Business · Markets · 13 hrs ago
DAX opens almost unchanged as investors await US midterm elections
Germany’s DAX opened Monday almost unchanged at 25,797 points after falling 0.9% on Friday.
The index had risen above 26,100 points last Thursday, but weakness in technology shares in the US and Asia weighed on markets at the end of the week.
Investors are watching Tuesday’s US midterm elections, which will decide control of the House of Representatives and part of the Senate.
The result and President Donald Trump’s response could affect expectations about the Iran conflict, pushing oil prices and inflation higher if tensions worsen.
Oil prices fell about 3% early Monday to $110 a barrel for Brent, amid reports of diplomatic efforts over Iran.
Company earnings may also move markets: Apple was due to report results later Monday, with more German companies scheduled to release results this week.
Investors are waiting for election results and earnings to gauge the next direction for markets.
The DAX was expected to rise at the start of November, though reports on Monday morning differed on whether it would gain or open nearly unchanged.
The index was quoted at 25,865 points, up about 0.2 percent before Xetra trading, while Handelsblatt reported it opened almost unchanged at 25,797 points.
Investors were focused on Tuesday’s US midterm elections and the continuing company earnings season.
Weak results from Amazon and Intel had weighed on markets on Friday, when the DAX fell 0.9 percent.
Apple was due to report results after US markets closed on Monday, with several German companies scheduled to report later in the week.
- Who
- DAX investors and market participants.
- What
- The DAX was expected to rise, with the US midterm elections and corporate earnings in focus.
- When
- Monday, November 2, 2026; the US midterm elections were scheduled for Tuesday.
- Where
- Germany, with attention also on the United States and international markets.
- Why
- Friday’s losses followed weak Amazon and Intel results, while elections and upcoming earnings could influence market sentiment.
This story does not have two clearly opposing sides.
The DAX fell 0.9 percent after weak results from Amazon and Intel weighed on sentiment.
IG Markets quoted the DAX about 0.2 percent higher before Xetra trading, while Handelsblatt reported it began trading almost unchanged.
Apple was due to report results after the US market closed.
US midterm elections were scheduled to take place.
- DAX pre-market estimate
- 25,865 points, about 0.2 percent higher
- DAX Monday morning quote
- 25,797 points, according to Handelsblatt
- Friday DAX close
- 25,818 points, down 0.9 percent, according to Tagesschau
- US midterm elections
- Tuesday, November 3, 2026
- Oil price
- Brent for January delivery was $110 a barrel in early Monday trading, about 3 percent below Friday
- Expected company reports
- Apple on Monday; Bayer and Lufthansa on Tuesday
5 sources
Dax aktuell: Dax schließt im Plus – Öl- und Gaspreise geben nach
Aktien Frankfurt: Dax wenig verändert vor Apple-Zahlen und US-Zwischenwahlen
Marktbericht: DAX dürfte mit Gewinnen in den November starten
What people are saying
For the markets, the outcome of the midterms and the question of how Donald Trump reacts to them will be decisive.
Given the growing tech fears, the DAX has become a stable alternative for some.
Many investors are likely to withdraw completely to the sidelines ahead of the highly charged US midterm elections on Tuesday.
If the midterm elections pass without attacks and also without an agreement, the decisive question is whether the market continues to price in a substantial geopolitical risk premium or whether this premium is gradually reduced.