The German market is down 0.88% after concerns over valuations and Fed interest rates, along with data showing a slowdown in German services and manufacturing sectors. Siemens Energy is down 8.8%, while Rheinmetall, Infineon Technologies, and Heidelberg Materials are also in the red. However, Deutsche Bank and Symrise are up. Flash PMI results revealed weaker growth in both manufacturing and services, with the composite output index dropping to 52.1 in November. The services PMI fell to 52.7, while the manufacturing PMI hit a six-month low of 48.4, signaling challenges for the German economy.

Read more at Nasdaq: DAX Down Nearly 1% On Valuations Concerns, Soft PMI Data