Germany: DAX Falls for 3rd Day.

Frankfurt's DAX 40 pared back losses to close about 0.5% down at 24,491 on Thursday, marking the third session of decreases. Investor sentiment soured amid concerns about overvalued markets, massive AI investments, and worrying US employment numbers. Meanwhile, traders digested the latest monetary policy decisions and the ongoing earnings season. The ECB kept its interest rate unchanged at 2%, the level it has remained at since June, as widely expected. The central bank emphasized that the eurozone economy remains resilient and inflation risks are “overall balanced,” even as trade and geopolitical uncertainties persist. Rheinmetall (-5.8%) was the top loser, following weak preliminary forecasts for 2026. Banks also faced pressure, with Deutsche Bank and Commerzbank losing over 3% each. Volkswagen (-4.1%) and Mercedes-Benz Group (-2.8%) slid in response to weak results from Volvo. On the upside, Deutsche Borse (3.5%), Infineon Technologies (2.7%) and SAP (2%) saw solid gains.