The DAX in Frankfurt closed about 0.6% down at 24,277 on Wednesday, underperforming its regional peers, mainly pressured by technology companies and defense stocks. Risk sentiment remained fragile ahead of the release of the FOMC minutes and the Jackson Hole Symposium in the US, alongside key economic data, including PMI surveys. Meanwhile, investors continued to monitor developments in the peace negotiations in Ukraine, which have several unresolved issues, starting with security guarantees for Kyiv. On the domestic data front, July data showed German producer prices declining for the fifth consecutive month, registering the sharpest year-on-year fall since June 2024 and coming in above market estimates. Among single stocks, Siemens Energy led the losses, down nearly 3%, followed by Airbus (-2.6%) and Siemens (-2%). Renk and Rheinmetall also struggled, falling 2.4% and 0.7%, respectively.