Frankfurt’s DAX closed 0.4% lower at 20,137 on Monday, tracking losses for its European and North American peers, as rising bond yields and reduced expectations for a Fed rate cut weighed on sentiment. Concerns over Europe's sluggish economic outlook and the ongoing UK crisis also dampened the mood. Tech was among the worst performers, with Infineon and Zalando ach dropping close to 1%. Industrials also booked sharp losses, with Rheinmetall, Daimler, and Airbus lost more than 1%. Still, heavyweight auto producers limited the index’s decline, with Porsche, BMW, and Volkswagen adding between 1.7% and 0.7%.
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