Euro Stocks Finish Lower, Dax 40 Ends Flat Despite Contraction in German Production
Today European stock markets turned bearish as risk sentiment turned negative, however, the German index Dax 40 finished flat, despite expectations from VDMA seeing a decline in production for 2025.
UK FTSE 100 Chart Daily – Losing 1% Today
Meanwhile, Germany’s DAX 40 index managed to close flat, offering little movement despite concerning news from the German engineering association, VDMA. The group reiterated its forecast of declining production, projecting a 2% drop in 2025 in real terms, consistent with earlier estimates. For 2024, the outlook remains more dire, with an anticipated 8% contraction in real terms.
The VDMA also sounded an alarm about potential job cuts, a worrying development after years of stability. The persistent manufacturing recession in Germany is now spilling into the labor market, reflecting broader economic struggles. Additionally, the industry faces intensified competition from China and uncertainty related to the US market, compounding the already difficult outlook for the coming year.
Closing Changes in European Markets
- Stoxx 600: Declined -0.5%, reflecting overall bearish sentiment across European equities.
- German DAX: Ended the session flat, showing resilience amid broader regional declines.
- France CAC: Dropped significantly by -1.2%, leading the losses among major European indices.
- UK FTSE 100: Fell -0.9%, weighed down by concerns over slowing economic growth and external pressures.
- Spain IBEX: Posted a modest decline of -0.3%, showing relative stability compared to other indices.
- Italy’s FTSE MIB: Closed slightly lower by -0.1%, limiting its losses despite regional headwinds.
German Index Dax 40
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