DAX Dives Again, Erases 2018 Gain In Worst Week Since 2016

It should come as no surprise that German stocks are under pressure on Friday. On Thursday afternoon we politely suggested (because we're nothing if not polite) that it was worth watching the DAX, as it had fallen below its 50-day moving average: Well this morning, Deutsche Bank is exacerbating an already shaky situation, as the bank falls the most six months after disappointing investors (again). This is weighing on the DAX which is down for a fifth straight day. This is worst weekly dr