{"id":65490,"date":"2025-10-17T09:51:34","date_gmt":"2025-10-17T09:51:34","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/10\/17\/dax-down-over-2-as-credit-markets-worries-hurt-sentiment\/"},"modified":"2025-10-17T09:51:34","modified_gmt":"2025-10-17T09:51:34","slug":"dax-down-over-2-as-credit-markets-worries-hurt-sentiment","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/10\/17\/dax-down-over-2-as-credit-markets-worries-hurt-sentiment\/","title":{"rendered":"DAX Down Over 2% As Credit Markets Worries Hurt Sentiment"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Germany&#8217;s DAX is down sharply on Friday with stocks tumbling amid concerns about the <span class=\"landLinks\">health<\/span> of U.S. banking sector after Zions Bancorp and Western Alliance Bancorp disclosed on Thursday that they were exposed to alleged fraud by borrowers.<\/p>\n<p>Concerns about U.S.-China trade tensions, and the ongoing war in Ukraine are also weighing on sentiment.<\/p>\n<p>The DAX, which plunged to 22,682,63 earlier, was down 497.74 points or 2.05% at 23,775.19 a little while ago. <\/p>\n<p>Deutsche Bank and Commerzbank are down 6.5% and 3.4%, respectively, hurt by concerns about the health of U.S. banking sector. Zions Bancorporation, a Utah-based lender, said it would write off $50m on two loans, while Phoenix-headquartered Western Alliance said it had started legal proceedings over a bad loan said to be worth $100m.<\/p>\n<p>Rheinmetall is down 5.7%, Siemens Energy is declining 3.8%, MTU Aero Engines is down 3.2% and Daimler Truck Holding is lower by nearly 3%.<\/p>\n<p>Allianz, Siemens, Infineon Technologies, Zalando, Heidelberg Materials, Munich RE, SAP and RWE are down 2 to 3%. Adidas, Scout24, Hannover Rueck and GEA Group are also down sharply.<\/p>\n<p>Shares are automotive supplier Continental are rising more than 7.5%, buoyed by a rating upgrade of the stock by Deutsche Bank to &#8220;buy&#8221;. Deutsche Bank Research has upgraded the stock&#8217;s rating after Continental&#8217;s third-quarter revenues, EBIT margin and cash flow exceeded expectations.<\/p>\n<p>Beiersdorf is gaining nearly 1%, while Fresenius, Fresenius Medical Care and Henkel are up marginally. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Down Over 2% As Credit Markets Worries Hurt Sentiment<\/a><br \/>\n<br \/>2025-10-17 09:51:34<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s DAX is down sharply on Friday with stocks tumbling amid concerns about the health of U.S. banking sector after Zions Bancorp and Western Alliance Bancorp disclosed on Thursday that&#8230;<\/p>\n","protected":false},"author":2,"featured_media":65491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-65490","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/65490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=65490"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/65490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/65491"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=65490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=65490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=65490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}