FX.co ★ German Stocks Fall for 3rd Session

On Friday, the DAX experienced a slight decline, continuing its trend of losses for the third consecutive session and marking the second week in a row of downturns. Siemens saw an almost 2% drop after revealing modifications to its voting rights framework. Other major companies such as Deutsche Post, Infineon, Daimler Truck, Beiersdorf, and Rheinmetall also reported declines exceeding 2%. In a significant legislative move, German lawmakers endorsed reforms in public borrowing aimed at increasing defense expenditures. Consequently, Deutsche Bank economists have updated their projections, now anticipating that Germany's GDP growth will reach 1.5% in 2026 and 2.0% in 2027. Nevertheless, in light of global economic challenges, they have adjusted their 2025 growth prediction downwards to 0.3% from the earlier forecast of 0.5%.