India, March 9 -- The German market is down sharply on Monday amid an escalation in the Middle East conflict, and data showing an unexpected drop in German industrial production in the month of January. A sharp drop in factory orders, and fears of inflation due to higher oil prices weigh as well on sentiment.
Tensions in the Gulf escalated following reports of explosions at Al Udeid Air Base, the largest United States military installation in the Middle East.
Bahrain's state oil company has declared force majeure on its shipments after Iranian strikes in the region set the largest oil facility on fire.
The benchmark DAX fell to an 11-month low 22,918.19 before recovering some ground. Still, at 23,245.15, the index was down as much as 302...