DAX Extends Losses

Frankfurt’s DAX 40 fell 0.7% to below 23,800 on Thursday, the lowest since Mid-April, marking the ninth straight session of losses. Investors digested the latest developments in the Middle East conflict and monitored a raft of corporate earnings and economic data, while awaiting the ECB policy decision later in the day. Oil prices climbed after reports that the US was considering further military action against Iran, fueling concerns over escalating tensions and prolonged supply constraints. Banks, financials, energy-sensitive industrials and consumer cyclicals were the most pressured. Among earnings reporters, BASF fell 0.5% on weaker Q1 profits, while Volkswagen slipped 0.3% following weaker-than-expected first-quarter profit. Porsche AG fell 0.5% after posting a drop in revenue while reaffirming its full-year guidance. Meanwhile, MTU Aero Engines released first-quarter results that exceeded analysts’ expectations.
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market




