DAX extends losses, down 0.7% to about 25,400
Frankfurt’s DAX 40 extended early losses, falling 0.7% to around 25,400 on Thursday afternoon, after a late-July level earlier. The index marked a second day of decreases as traders digested the ECB’s latest decision.
7% to about 25,400 on Thursday afternoon. The index was last seen at that level in late July, and the move marked a second straight day of losses. Markets were weighing the ECB’s latest decision after policymakers lifted rates by 25 basis points, as expected, and said inflation still faces upside risks. The central bank cited renewed price pressure from the war in Iran, while oil prices also pushed to fresh highs.
1%, with Adidas, SAP, Zalando and Siemens Energy also among the decliners.