DAX Finishes Lower, Posts Weekly Loss

Frankfurt's DAX 40 fell about 0.8% to close at 25,152 on Friday, its lowest level since October 9 and extending previous session's losses. The continued rise in oil prices amid geopolitical tensions has heightened fears of inflationary pressures, while uncertainty surrounding AI and the instability in France further weighed on investor sentiment. On the data front, flash PMI figures showed that Germany’s private sector continued to expand in October, although growth slowed more than expected. Most sectors recorded declines, particularly telecom, tech, industrials and autos. MTU Aero Engines was the worst performer, slipping nearly 5%, trailing the mixed results of its competitor Safran. Deutsche Telekom followed closely, down 3.2%, on renewed concerns about US competition from SpaceX. Siemens Energy, Infineon Technologies, RWE and Merck also declined sharply, each falling more than 2%. For the week, the index lost around 1.5%.