DAX Closes Lower
Frankfurt's DAX fell further to close about 0.9% down at 25,819 on Friday, snapping a four-day winning streak, pressured by rising oil prices and the seloff in tech stocks. Growing concerns about a possible renewed US military strike against Iran weighed, while AI concerns intensified following disappointing results from US big technology companies. Attention was also on a batch of economic data from major European economies. Preliminary figures showed German inflation slowed more than expected in October at 2.8%, down from September's 3.3%. The GDP rose by 0.2% in Q3 2026, slowing from growth of 0.3% in Q2 but exceeding expectations of a 0.1% increase. Among single stocks, Infineon Technologies and AI-related Siemens Energy and Hochtief posted the biggest losses, ranging between 2.7%-6.7%. The index booked gains of around 2.5% over both the week and the month.
Frankfurt's DAX fell further to close about 0.9% down at 25,819 on Friday, snapping a four-day winning streak, pressured by rising oil prices and the seloff in tech stocks. Growing concerns about a possible renewed US military strike against Iran weighed, while AI concerns intensified following disappointing results from US big technology companies. Attention was also on a batch of economic data from major European economies. Preliminary figures showed German inflation slowed more than expected in October at 2.8%, down from September's 3.3%.
The GDP rose by 0.2% in Q3 2026, slowing from growth of 0.3% in Q2 but exceeding expectations of a 0.1% increase. Among single stocks, Infineon Technologies and AI-related Siemens Energy and Hochtief posted the biggest losses, ranging between 2.7%-6.7%. The index booked gains of around 2.5% over both the week and the month.