DAX Suffers Worst Day in Over 4 Months

2026-01-29 17:14 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 lost further ground to close about 2.1% down at 24,309 on Thursday, notching the steepest single-day drop since September 2025 and underperforming its European peers.

Heavyweight SAP dropped nearly 15%, pushing the main index down, as weaker cloud sales and softer 2026 guidance eclipsed in-line Q4 revenue.

Infineon Technologies followed, with a 3.5% decline.

Deutsche Bank fell 0.9% despite reporting robust financial results for Q4 2025, with significant year-over-year growth in pre-tax profit and net profit.

However, revenues missed expectations.

The bank is under investigation by the Federal Criminal Police, with authorities having conducted searches at its Frankfurt and Berlin offices on suspicion of money laundering.

On the upside, Siemens rose 2.4%, boosted by Swiss peer ABB Ltd.’s record quarterly orders and higher profitability forecast.



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DAX Finishes Lower
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Frankfurt's DAX 40 fell 1.5% to below 23,000 on Thursday, reversing yesterday's sharp gain, as hopes of a quick resolution of the Middle East conflict faded. In his first national address since the Iran war began, Donald Trump gave no timeline for ending the conflict and offered no plan to reopen the Strait of Hormuz, while pledging further strikes on energy facilities if Tehran rejects a deal. His rhetoric triggered a sharp rise in oil prices, reigniting fears of rising inflation and slowing economic growth. Selling pressure spread across most sectors, with technology, financials, and industrials leading the declines. In equities, Infineon (-4.8%), Siemens Energy (-4.2%), Heidelberg Materials (-2.9%), Siemens (-2.8%), Airbus (-2.6%) and MTU Aero Engines (-2.5%) were among the top losers. Deutsche Bank and Commerzbank dropped 3.5% and 2.3%, respectively. Still, the DAX was poised for a weekly gain of nearly 3%.
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