Siegfried Holding AG shares fall 2.12% premarket after Baader Helvea's bullish outlook on the company.

Siegfried Holding AG is down 2.12% in premarket trading. The decline may be attributed to the cautious market sentiment ahead of Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium and the recent trade agreement between the EU and the US. The agreement includes a 15% tariff on pharmaceuticals, which could impact Siegfried's operations. Additionally, the German economy's contraction and weakness in the manufacturing sector may have contributed to the negative sentiment.