DAX Starts December on Weak Note
2025-12-01 08:59
By
Luisa Carvalho
1 min. read
Germany's DAX closed about 1% lower at 23,597 on the first trading day of December, on profit booking after an over 3% gain last week and after a weak November.
Meanwhile, traders monitored a batch of economic data, namely final manufacturing PMI surveys.
The HCOB Germany Manufacturing PMI fell to 48.2 in November 2025, down from 49.6 in October and below the preliminary estimate of 48.4, marking the sharpest contraction in the sector since February.
Industrials were the hardest hit, led by Airbus.
The aircraft manufacturer slumped 5.9% to the bottom of the index, after announcing a massive recall of A320 planes on Friday due to a software issue.
Defense companies Renk, Hensoldt and Rheinmetall also suffered losses, dropping between 2.2%-5.8%, as US and Ukrainian officials held "productive" talks on Sunday regarding a potential peace agreement between Russia and Ukraine.