DAX set for weaker start as Nvidia and Jackson Hole take focus
The DAX is set for a softer start to the week as investors weigh Iran developments, US tariffs, AI-sector profit-taking and the market test posed by Nvidia’s earnings.
written by
Andreas Lipkow
Chief Market Analyst
24 Aug 2026, 08:15
The DAX is expected to open the new trading week slightly lower. Investors in Frankfurt remain in wait-and-see mode, continuing to take developments in Iran and the latest round of US tariffs against Canada largely in their stride.
Some relief is coming from indications that the United States intends to step up economic sanctions against Iran while relying less on military action. At least in the short term, this raises hopes that the conflict in the Middle East will not escalate into a broader regional confrontation.
Asian markets provided a slightly weaker lead today, particularly in the technology sector, where profit-taking weighed on semiconductor and AI-related stocks. Alibaba’s capital increase served as a reminder of the enormous funding requirements associated with AI investment, triggering significant losses not only in the Chinese technology group’s shares but also across the broader sector.
Investors in Germany and around the world will be paying particularly close attention to Nvidia’s quarterly results this week, which could prove a crucial test for the sustainability of the AI and semiconductor rally. Towards the end of the week, the focus will shift to the Jackson Hole central bankers’ symposium, where comments from monetary policymakers could provide fresh clues on the interest-rate outlook.
From a technical perspective, the DAX is expected to trade within a range of 25,950 to 26,200 points during today’s session.
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