German DAX fell by about 2.5% for the week.

DAX fell 0.5% on Friday, dipping below the 18500 level and extending its weekly decline to 2.5%. Traders also maintained a cautious stance ahead of the release of US employment statistics later in the day, leading to a decline in major European stock indices.

A series of US data released this week has fallen short of expectations, reigniting concerns of an economic downturn in the US and increasing expectations of a 50bps rate cut by the Federal Reserve this month.

On the other hand, German data indicated a sharper increase in imports than expected and a larger decline in industrial production than expected.

Siemens Energy (-2.7%) and Munich RE (-2%) were among the stocks with the largest decline.