DAX Falls for 3rd Day
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Frankfurt's DAX 40 fell for the third consecutive day, closing down about 0.5% at 24,448.6. Investor sentiment declined due to concerns over market valuations, significant AI investments, and disappointing US employment figures. The European Central Bank maintained its interest rate at 2%, citing a resilient eurozone economy. Notable declines included Rheinmetall (-5.8%), Deutsche Bank, and Commerzbank (both over -3%), along with Volkswagen (-4.1%) and Mercedes-Benz Group (-2.8%) following weak results from Volvo.
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