German DAX Falls 1.58% to 25,310.29, Down About 1% for the Week

The synchronized decline across the DAX, France, Italy and the UK points to a region-wide risk-off move rather than a Germany-specific story. The sharper drop in Italian bank stocks matters most, since lenders are typically the most rate- and credit-sensitive corner of European equities. Whether that bank weakness stays contained or spreads to the broader index is the open question to watch.