Deutsche Börse Weekly Wrap: DAX Posts Worst Week in a Year as Oil Shock Hits Frankfurt
Germany’s DAX dropped to 23,591.03 Friday, marking a 6.7% slide from last week’s 25,284 close—a loss not seen in about a year. The STOXX 600 shed 5.5%, while Frankfurt and Paris both logged their steepest weekly falls since April last year. This shift is significant—investors are juggling weaker growth signals with rising energy costs. February’s U.S. nonfarm payrolls dropped by 92,000, missing forecasts for a 59,000 gain. The unemployment rate ticked up to 4.4%. Brent crude finished at $92.69, after briefly hitting its highest mark since September 2023.
