FX.co ★ DAX Bounces Back

The DAX 40 index experienced a notable increase of over 1%, reaching beyond the 24,800 mark on Thursday, effectively breaking a four-day losing streak. This upward trend was in harmony with other European market indices. The positive shift in market sentiment followed President Trump's speech at the World Economic Forum in Davos, where he discussed a framework agreement concerning Greenland with NATO. This development led to the withdrawal of previously impending U.S. tariffs on several European nations. Earlier, the European Parliament had paused the ratification of a trade deal with the U.S. as a direct response to Trump's tariff threats. Among the standout performers were automotive shares from Volkswagen, Porsche, Mercedes, and BMW, which saw gains ranging from 2% to 5.3%. Volkswagen was a frontrunner, buoyed by a report projecting a better-than-expected net cash flow of €6 billion for 2025. Additionally, Deutsche Börse made significant strides, climbing 3.7% following its announcement of a €5.3 billion acquisition of the Amsterdam-listed fund trading platform, Allfunds, to enhance its presence in Europe’s investment fund sector.