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Germany's Slumping DAX Needs More Than a Deutsche Bank Rebound

  • Traders turn bearish on market that was among 2015's favorites
  • DAX now trades at its lowest level since October 2014
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What's the Heart of the Problem in European Banks?

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A one-day rebound in German shares is doing little to extinguish concerns in what has become one of the world’s worst-performing stock markets.

The DAX Index has tumbled 16 percent this year through Wednesday, posting a loss that exceeds declines in France, the U.K. and Switzerland by as much as seven percentage points. It plunged another 2.9 percent on Thursday. Investors are taking money out of an exchange-traded fund tracking German shares at the fastest pace since August.