The DAX dropped 0.5% on Friday as US nonfarm payroll data exceeded expectations, fueling concerns about prolonged monetary tightening. Most sectors and major stocks were in the red, with Siemens falling 0.9% and Siemens Energy plunging over 3.5%. Insurers like Allianz and Munich RE also declined, down 1.3% and 2%, respectively. However, the auto sector outperformed, with Mercedes-Benz rising over 4% and BMW and Volkswagen gaining more than 1%. The US December jobs report showed a robust 256,000 increase in nonfarm payrolls, far surpassing the 160,000 forecast, adding pressure to equity markets.
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