DAX Remains Pressured by Defense Stocks
2025-12-16 14:34
By
Luisa Carvalho
1 min. read
Frankfurt's finished about 0.6% down at 24,087 on Tuesday, in line with most European peers, amid continued pressure from defense stocks.
Rheinmetall (-4.7%), Hensoldt (-2.7%) and Renk (-1.8%) were among the hardest hit following the latest Berlin talks on ending the war in Ukraine, with negotiators describing the discussions as progress, particularly regarding security guarantees for Ukraine in the event of a ceasefire.
Other top decliners included Bayer (-2.8%), Fresenius SE & Co (-2.2%), Airbus (-1.6%) and SAP (-1.6%).
On the economic data front, a mixed US labor report reinforced bets of further cuts by the Federal Reserve.
In the meantime, manufacturing and services picture worsened in the Eurozone and Germany.
Nevertheless, investor sentiment in Germany improved more than expected in December, according to the ZEW institute's survey.