DAX Turns Negative

2026-03-06 12:16 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 erased early gains to close about 1.1% down at 23,547 on Friday, in line with other European peers, amid the ongoing volatility driven by the Middle East crisis.

The situation remains critical, as attacks between the United States, Israel and Iran continue and are spreading to other countries in the region.

Market sentiment initially improved alongside easing energy prices, following media reports that President Trump has a plan to secure energy supplies and stabilize crude prices.

Techs, chemicals, autos, banks and pharmaceuticals posted the biggest losses.

Infineon Technologies plunged 7% to the bottom of the index, after UBS downgraded the company to “neutral” from “buy,” while cutting its 12-month price target to €45 from €47.

Other top declines included Brenntag, Bayer, BASF, Continental, Volkswagen and Deutsche Bank, losing up to 4%.

On the upside, Rheinmetall (3%) and Scout24 (2.5%) advanced the most.

For the week, the DAX declined about 6.9%.



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2026-03-06
DAX Turns Negative
Frankfurt's DAX 40 erased early gains to close about 1.1% down at 23,547 on Friday, in line with other European peers, amid the ongoing volatility driven by the Middle East crisis. The situation remains critical, as attacks between the United States, Israel and Iran continue and are spreading to other countries in the region. Market sentiment initially improved alongside easing energy prices, following media reports that President Trump has a plan to secure energy supplies and stabilize crude prices. Techs, chemicals, autos, banks and pharmaceuticals posted the biggest losses. Infineon Technologies plunged 7% to the bottom of the index, after UBS downgraded the company to “neutral” from “buy,” while cutting its 12-month price target to €45 from €47. Other top declines included Brenntag, Bayer, BASF, Continental, Volkswagen and Deutsche Bank, losing up to 4%. On the upside, Rheinmetall (3%) and Scout24 (2.5%) advanced the most. For the week, the DAX declined about 6.9%.
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2026-03-06