European financials are once again under the wheels at the end of the week. Concerns about the stability of the financial sector are pushing the European sector index down 2.6 percent. In the Dax, especially the shares of Deutsche Bank go on diving station. At times, they are in double digits on Friday morning.

The Dax had started trading weaker at the end of the week. The German benchmark index lost 0.8 percent to 15,080 points in the first few minutes. Uncertainty about the future interest rate policy of the major central banks weighed on the market. Given the recent turmoil in the banking sector, some investors had hoped that the US Federal Reserve would pause interest rates. It had raised the key rate on Wednesday by a quarter of a percentage point to the new range of 4.75 to 5.0 percent.

Investors are still undecided what conclusions to draw for the further development of interest rates from the recent FOMC meeting, Helaba analysts wrote in a commentary. On the economic side, the provisional purchasing managers' indices for Germany and the euro zone were on the agenda in the morning. "Overall, we see potential for slight increases in the indices," LBBW analyst Martin Güth wrote in a short study.