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German DAX Drops as US-Iran Escalation Drives Oil Spikes and Inflation Fears

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The Story

News Summary

  • German stocks fell for a third straight session as escalating US-Iran conflict drove oil prices higher, stoking inflation fears and pushing bond yields up.
  • The benchmark DAX dropped 0.7%, pressured by sharp declines across automotive and industrial sectors despite modest gains in banking and energy shares.
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