[MARKET UPDATE] German heavyweight SAP (SAP GY) falls 11% as Cloud metrics disappointed; DAX futures moved lower in recent trade; Note: SAP holds a 12.5% weighting in the DAX 40 and 3.6% in the Euro Stoxx 50

SAP's substantial decline of 11% due to disappointing cloud metrics is likely to impact overall market sentiment, especially given its significant weight in both the DAX 40 and Euro Stoxx 50 indices.

Newsquawk StaffPublished 29 Jan 2026, 08:24 UTCOn the live feed at 08:04 UTC — 7 more headlines followed before this page went public

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08:06

Hyundai Motor America (005380 KS) is recalling 568,576 US vehicles, via NHTSA

08:05

European Movers: 3i (III LN) +10.2%, Antofagasta (ANTO LN) +5.7%, STMicroelectronics (STM FP) +3.8%, easyJet (EZJ LN) +1.0%, Lloyds (LLOY LN) +0.6%, Deutsche Bank (DBK GY) -0.8%, SAP (SAP GY) -11.5%

08:04

[MARKET UPDATE] German heavyweight SAP (SAP GY) falls 11% as Cloud metrics disappointed; DAX futures moved lower in recent trade; Note: SAP holds a 12.5% weighting in the DAX 40 and 3.6% in the Euro Stoxx 50

08:00

Spanish Retail Sales MoM (Dec) M/M -0.8% (Prev. 1%)

08:00

Swedish Consumer Confidence (Jan) 95.3 (Prev. 95.6, Rev. From 95.8)

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Context

The drop in SAP may lead to further weakness in DAX futures, as the market reassesses tech valuations and growth outlook in the Eurozone. Traders should keep an eye on sector correlations and how this could influence broader equity sentiment going forward.

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