SAP and Bayer stocks pressure German DAX as Fed rate outlook persists

German equities faced renewed pressure as the Federal Reserve’s latest interest‑rate projections raised expectations of higher long‑term rates. The Fed lifted its median rate forecast for the end of 2026 to 3.8% and for 2027 to 3.6%, a shift that could dampen market sentiment.

SAP’s share price slipped below the critical €140 support level after failing to break the €175‑€180 resistance zone, prompting analysts to warn of a possible further decline toward €125 if the downtrend continues. Meanwhile, Bayer’s stock is under scrutiny following a sharp fall, with investors looking for a rebound to restore confidence in the broader DAX index.

Analysts note that the combination of tighter monetary expectations and geopolitical tensions in the Middle East adds uncertainty to the upcoming trading week, suggesting a cautious approach for German‑listed companies.