The DAX Index Closes 1.07% Lower

Frankfurt's DAX 40 fell 0.6% to around 25,230 on Friday, hitting a two-week low and extending the previous session’s losses. While the earnings season continues to draw investors’ attention, sentiment remained cautious amid rising oil prices due to escalating tensions in the Middle East. Also, concerns over demonstrations scheduled for Saturday in France and Italy weighed. On the data front, flash PMI figures showed that Germany’s private sector continued to expand in October, though the pace of growth slowed more than expected. Most sectors traded lower, particularly telecom, software and autos, while tech outperformed. Among individual stocks, Deutsche Telekom led the losses, falling more than 3%, followed by MTU Aero Engines, Adidas, Continental and Airbus, which declined between 1.6% and 2.6%. On the upside, Rheinmetall (2.2%), Fresenius Medical Care (1.2%), Infineon Technologies (0.9%) and Vonovia (0.9%) posted the biggest gains. For the week, the index lost around 1.5%.

The DAX Index is dropping 144 points. Leading the losses are MTU Aero Engines AG (-2.99%), Deutsche Telekom (-2.71%) and Adidas (-1.95%). Top gainers were Infineon (1.41%), Rheinmetall (1.05%) and HeidelbergCement (1.00%).

The DAX Index decreased 273 points or 1.07 percent on Thursday to close at 25372 points. The decline was led by Siemens Energy (-8.56%), Infineon (-5.84%) and Siemens (-4.05%).