FX.co ★ DAX Retreats

Frankfurt's DAX index experienced a reversal on Wednesday afternoon, retreating slightly below the 24,100 mark after reaching an intraday peak of 24,326. Although recent progress in US-EU trade discussions provided some optimism, broader trade and geopolitical tensions continued to weigh on market sentiment. Investors are now turning their attention to the upcoming earnings release from major chipmaker Nvidia and the anticipated minutes from the Federal Reserve's policy meeting, which are both due later in the day. Several stocks saw a decline, with Daimler Truck leading the losses, down by over 4.5%, trailed by Zalando and Heidelberg Materials. Sectors such as banking, financial services, pharmaceuticals, and technology also encountered downward pressure. In contrast, the aerospace and defense sector emerged as the best-performing segment.