Oil Price Shock Sends DAX Plummeting - Beiersdorf Drops Double Digits After Cautious Outlook - Schaeffler Under Pressure After Cautious Forecast - Volatility Beneficiary Deutsche Börse Rises Following Jefferies Upgrade - Ouster Soars After Strong Q4 Results!
Reading Time: 5 minutes
The DAX presents itself on the second trading day of the week with significant losses. Given the escalating conflict in Iran and record-high oil prices, the DAX is down around -3.90% at noon, extending its losses from Monday. Significant declines are particularly noticeable with Beiersdorf (-18%) , after the cosmetics manufacturer disappointed the market with a weak outlook for the current fiscal year announced after the market closed the previous evening. Schaeffler (-16.9%) also sees a double-digit drop, as the automotive supplier provided...
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