DAX Falls Further

2026-02-05 14:18 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 extended losses on Thursday afternoon, falling more than 1% to below 24,400, as a global tech rout resumed amid renewed fears that aggressive AI spending may undermine profitability.

Traders also digested the latest ECB and Bank of England decisions, which left borrowing costs unchanged.

At the ECB press briefing, President Lagarde said the central bank and eurozone inflation outlook remain in a “good place,” but cautioned that inflation could fluctuate in the months ahead amid greater uncertainty.

Meanwhile, the ongoing earnings season remained in focus on both sides of the Atlantic.

Among equities, Rheinmetall slumped as much as 8%, heading for its biggest one-day drop in over ten months, with brokers also citing weak preliminary forecasts for 2026.

Hensoldt (-1%) and Renk (-0.2%) also fell amid signs of easing geopolitical tensions.

Siemens (-0.9%) reversed its early gains, while SAP and Infineon Technologies saw more modest rises of 1.7% and 1.6%, respectively.



News Stream
DAX Finishes Lower
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DAX Slips on Thursday
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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