🔴 SAP SE is trading 3.8% down today amid broader risk-off tech sentiment ahead of CPI data

SAP SE is trading 3.8% down at $172.15 in pre-market, extending its recent multi-day slide.

• The decline follows the previous session's close of $178.92 as broader risk-off pressure weighs on equities and the technology sector.
• Global markets and U.S. futures are trading lower as investors remain cautious ahead of key CPI inflation data.
• There is no new material company-specific news following the recent approval for German classified data cloud services.