DAX Extends Losses

2026-03-12 17:30 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 finished about 0.2% down at 23,590 on Thursday, extending yesterday's losses, amid intensifying tensions in the Middle East.

Iran and the United States continued to issue threats, fueling fears of a prolonged conflict and continued disruptions to the flow of oil through the Strait of Hormuz.

The new Supreme Leader Mojtaba Khamenei vowed to "avenge the blood of the martyrs " and called on countries in the region to close the American bases located on their territory.

Banks were among the top losers, amid growing fears of defaults in the consumer lending market.

Deutsche Bank slipped 5.4% after its annual report flagged a €26 billion private credit exposure and potential $1 billion litigation risk.

Commerzbank followed, falling 3.9%.

On the upside, retailer Zalando jumped over 10%, after announcing a €300 million share buyback program.

Hannover RE surged 4.9% on dividend boost.

RWE rose 4.3% as it reported robust 2025 results and outlined an ambitious expansion plan.



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