DAX Remains Under Pressure
2026-03-19 14:11
By
Luisa Carvalho
1 min. read
Frankfurt’s DAX 40 plunged about 2.8% to close at 22,852 on Thursday, as traders weighed escalating tensions in the Middle East and hawkish signals from major central banks.
The ECB unsurprisingly held its key interest rate at 2% and warned that the war in Iran was clouding the outlook for growth and inflation in the euro zone.
On Wednesday, the Federal Reserve also kept its key interest rate unchanged, with Chair Jerome Powell emphasizing the increasingly uncertain outlook for the economy and inflation in the wake of the Iran war.
Most sectors declined, with tech, financials and tech among the most pressured.
Vonovia slumped over 12% despite reporting a €4.19 billion net profit in 2025, largely due to a €2.5 billion one-off tax windfall rather than core operations.
Infineon followed, slipping 7.2%, with Continental (-7.1%), Commerzbank (-5.2%) and MTU Aero Engines (-5.2%) also posting steep losses.