FX.co ★ Stocks in Germany Drop

On Friday, the DAX fell by 0.7% to approximately 22,850, marking its third consecutive day of losses as it followed the downward trend of its European counterparts. Investor sentiment remains clouded by ongoing concerns about the economic outlook. In the backdrop, the United States is preparing to impose reciprocal tariffs starting April 2, while the European Union's countermeasures have been postponed until mid-April. In an unrelated development, London’s Heathrow Airport faced closure on Friday due to a power outage stemming from a fire at a nearby electrical substation, leading to significant travel disruptions. Market participants are also keeping a close watch on Germany’s upper house as it votes on the debt brake amendment, a measure that has already received approval from the lower house. Among the significant decliners, Rheinmetall dropped by 3.1%, Zalando by 3%, and both Puma and Sartorius by 2.6%. Looking at the weekly performance, the DAX saw little movement overall.