Deutsche Börse Weekly Wrap: DAX Posts Worst Week in a Year as Oil Shock Hits Frankfurt
Germany’s DAX index fell 6.7% this week to 23,591.03, its worst weekly drop in a year, as energy prices surged and U.S. jobs data disappointed. Beiersdorf and Adidas shares slumped after profit warnings, while Siemens Energy dropped 6%. Rheinmetall announced plans to expand missile production amid Middle East tensions. STOXX said there will be no changes to the DAX or TecDAX in March.