Overview
- The DAX attempted a modest rebound on Friday but stayed pressured around 24,000, with chart watchers eyeing support near 23,300 around the 200‑day line.
- A flood of quarterly reports offered mixed signals, as Lanxess slumped on a cautious profit view and Hellofresh extended losses after a short attack, while names like Krones jumped and Daimler Truck held its outlook.
- AI‑exposed tech led declines in the US and Asia, with chips and large caps retreating and the Nasdaq logging a down week of roughly 3% to 3.4%.
- With official US prints on hold during the government shutdown, investors leaned on private labor gauges and consumer sentiment, leaving the Fed’s next move less clear even as markets price roughly two‑thirds odds of a December cut.
- Risk appetite remained fragile after a sharp crypto drop that saw Bitcoin briefly slip below $100,000 and as Goldman Sachs and Morgan Stanley chiefs cautioned a 10–20% equity correction is likely over the next year or two.