DAX Drops for Third Consecutive DayGermany 40 CashIG:DAXNouzTraderDAX Drops for Third Consecutive Day Frankfurt's benchmark DAX 40 index slumped -0.5% to around 24,800, recording its third straight session of losses and locking in a weekly correction exceeding -1.0%. Smart money in Europe mechanically launched mass portfolio liquidations following the re-escalation of the Persian Gulf conflict, which paralyzed tanker traffic in the Strait of Hormuz. ------------------------------------------------------------------------------------------------------------- ✅ ECB Monetary Expectations: Hold Interest Rates in July, Aim for a September Cut - Monetary Policy on Hold: Amid the threat of a new surge in energy inflation, the market is consensually calculating that the European Central Bank (ECB) will choose to keep its benchmark interest rate steady at its policy meeting next week. - September Cut Prospects: Institutional investors are only projecting a chance of a benchmark interest rate cut in September, provided crude oil prices decline and Eurozone inflation data continues to cool. ------------------------------------------------------------------------------------------------------------- Portfolio clearing hit the European technology infrastructure cluster this afternoon: - Infineon Technologies (IFX) Plunges -5.0%: Leading the mass bleeding in the semiconductor sector. The automotive and industrial chipmaker's share price collapse was triggered by tactical profit liquidation after being dragged down by Samsung's share price capitulation sentiment last week. - Siemens Energy Falls -2.6% & Hochtief Slashes -2.5%: The energy infrastructure and data center support construction clusters suffered corrections, absorbing sentiment from rising physical material input costs. - Deutsche Bank (-1.5%) & Commerzbank (-1.4%): The major banking sector also declined, reflecting market caution in the face of tightening lending liquidity before the ECB's meeting point decision. - Deutsche Telekom Rampages +2.5% & SAP SE Rises +1.6%: In contrast to the industry's decline, these telecommunications giants and application software developers surged.