German stocks drifted lower on Thursday after the Federal Reserve signalled a slower pace of interest rate cuts next year, citing inflation risks.
The benchmark DAX was down 156 points, or 0.8 percent, at 20,086 after finishing marginally lower the previous day.
Perfume and cosmetics maker Douglas Holding AG tumbled 4 percent despite reporting a turnaround to net profit for the fourth quarter.
BMW fell slightly and Mercedes Benz was little changed as industry data showed new car sales in the EU decreased in November after rebounding in the previous month.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.