Frankfurt’s DAX 40 fell more than 1% to around 23,700 on Wednesday, reversing losses from the prior day and lagging behind its peers. Traders monitored intensifying tensions in the Middle East, while also assessing a batch of corporate earnings. Rheinmetall led losses, slipping over 5%, after the defense giant reported mixed results and disappointing 2026 guidance. Henkel followed, dropping nearly 4%, after saying it expects sales to continue growing this year, but warned of a slower start due to adverse foreign exchange effects. Other top laggards included SAP, RWE, Vonovia, Adidas and Siemens Energy, with losses between 1.5%-2.3%. Among the few gainers, shares of Volkswagen (0.7%) and Breentag (0.6%) stood out.
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