FX.co ★ DAX Closes in the Red, Posts Weekly Loss

The DAX 40 closed about 0.8% lower at 24,774 on Friday, erasing the prior session’s gains as the recent tech rally lost momentum and US–Iran negotiations remained deadlocked. Sentiment was also shaped by positioning ahead of the upcoming ECB meeting, where a 25 basis-point rate hike is widely expected.

Technology stocks were under particular pressure. Infineon Technologies slumped more than 9% and SAP fell 2.1%, dragged down by Broadcom’s weaker-than-expected outlook. The sector was further weighed by Anthropic’s call for a global pause in AI development over concerns about self-optimizing systems.

Among other notable decliners, Mercedes-Benz Group, Qiagen NV, Merck, and Vonovia dropped between 1.8% and 2.2%. In contrast, Zalando and Beiersdorf led the gainers, advancing 3.7% and 3.6%, respectively. Over the week, the DAX 40 lost roughly 1.3%.