Oil Price Rise Slows DAX at the Start of the New Trading Week - OHB Strong After ESA Satellite Contract - Chemical Stocks Benefit from Rekindling of the Middle East Crisis - Mercedes-Benz with Billion Buyback - Allianz on the Verge of Billion Purchase in the UK - Protagonist Therapeutics in Focus After FDA Approval!

The DAX starts the new trading week with somewhat clearer declines. In the morning, rising oil prices are weighing on sentiment, particularly after US strikes on positions in Iran over the weekend. Given concerns about a renewed escalation in the Middle East conflict, the DAX had to widen its losses throughout the day and is trending slightly lower at noon with -0.72% . Among the top gainers on the trading floor is OHB (+7.8%) , after the space company was awarded a contract by the EU space agency ESA for the development and construction of a...