The DAX 40 experienced a decline, trading below 24,000, continuing losses from the previous day. Market sentiment was negatively impacted by concerns regarding tariffs and anxieties surrounding artificial intelligence. Investors were also closely watching earnings reports and corporate news.
- Fresenius Medical Care plunged more than 7% after reporting its financials.
- MTU Aero Engines followed closely behind with losses after reporting Q4 results.
- Tech and bank sectors also experienced selling pressure, with SAP, Deutsche Bank, and Siemens all declining.
The overall market performance suggests a cautious environment for the DAX. Negative reactions to specific company earnings and outlooks, combined with broader macroeconomic anxieties, are weighing on investor confidence. Declines in key sectors like tech and banking further contribute to the downward pressure on the index.