The DAX 40 experienced its third consecutive day of decline, falling over 1% to levels not seen since early January. Escalating EU-US tensions, fueled by potential new tariffs, weighed heavily on investor sentiment. Several prominent companies within the DAX, particularly Fresenius SE & Co, experienced significant losses, contributing to the overall downturn.
- The DAX 40 fell over 1% to around 24,700, the lowest since early January.
- EU-US tensions are rising due to potential new tariffs threatened by President Trump.
- Fresenius SE & Co dropped 2.6% after Goldman Sachs downgraded the stock.
- Fresenius Medical Care fell 1.7%.
- Siemens Energy, Siemens, RWE, Vonovia, SAP and Infineon Technologies were also among the worst performers.
- Adidas and Brenntag rose around 1% each.
The performance of the DAX is being significantly impacted by external geopolitical factors and specific company performance. Uncertainty surrounding international trade relations is creating a risk-off environment, putting downward pressure on the index. Negative news surrounding key constituents within the DAX is compounding these effects.