European markets fall as DAX drops 0.75%; US stocks close lower

European stock markets fell on Friday, with the DAX closing down 0.75% at 25,181.65 points and the TecDAX losing 0.96%. The EURO STOXX 50 also declined 0.44%, while US indices ended the session lower, with the Dow Jones dropping 1.23%. Weak French purchasing manager indices, rising interest rates, oil-driven inflation concerns, and doubts about AI investment profitability weighed on sentiment. The auto sector was particularly pressured following disappointing results from Volvo Cars and Volvo AB, while reports of a potential SpaceX mobile market entry hurt telecom stocks. Asian markets mostly recovered to close higher, with the Shanghai Composite gaining 0.89% and the Hang Seng rising 0.69%, though Japan's Nikkei fell 0.34% as September inflation accelerated to 2.1%, supporting expectations for further rate hikes.