DAX at Near 1-Year Low, Posts Weekly Loss
2026-03-27 17:06
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 fell about 1.4% to close at 22,315 on Friday, the lowest since April 2025, extending losses for the second day, as investors remained skeptical about the prospects of a ceasefire in the Iran conflict.
Market anxiety persisted amid a week of contradictory news, even as US President Donald Trump delayed strikes on Iranian energy infrastructure by ten days to 6 April.
Meanwhile, ECB President Christine Lagarde told The Economist on Thursday that markets may be underestimating the impact of the energy shock on the global economy, warning that Europe faces particular exposure.
Industrials, techs, banks and utilities led sectoral declines.
In equities, MTU Aero Engines (-4.1%) and Rheinmetall (-4%) lagged, with Infineon, Siemens Energy, Qiagen NV, Siemens and RWE, also posting steep declines.
On the flip side, chemical giant BASF (+2.3%) saw strong buying following the inauguration of its new integrated production site in southern China.
For the week, the index shed 0.3%.