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.



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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