After snapping a five-day losing streak in the previous session thanks to strong earnings and guidance from U.S. chipmaker Nvidia, the German market is down firmly in negative territory on Friday, amid fresh concerns over valuations, uncertainty about Fed interest rates, and data showing a moderation in German servics and manufacturing sectors activity.
The benchmark DAX, which tumbled to 22,942.13 earlier in the session, was down 204.83 points or 0.88% at 23,103.63 a little while ago.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.