DAX Slips to 10-Month Lows
2026-03-19 08:42
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 sank more than 2.5% to below 23,000 on Thursday, the lowest since May 2025, marking the second session of losses, as escalating Middle East tensions targeting energy assets raised fears of a prolonged global energy supply crisis.
On the monetary policy front, the Federal Reserve kept its key interest rate unchanged Wednesday, with Chair Jerome Powell emphasizing the increasingly uncertain outlook for the economy and inflation in the wake of the Iran war.
The ECB is also expected to leave rates unchanged later today, but an increase could follow in the summer.
Most sectors posted declines.
In equities, Vonovia was the biggest laggard, plunging nearly 10%, after reporting a swing to a €4.19 billion net profit in 2025 from a €962.3 million loss a year earlier, largely driven by a €2.5 billion one-off tax windfall rather than its core operations.
Siemens Energy (-4.7%), Infineon Technologies (-4%) and Siemens (-3.4%) also saw heavy selling pressure.