FX.co ★ DAX Extends Losses

Frankfurt's DAX index experienced a decline of 0.6%, settling near the 24,300 mark on Friday, marking its second consecutive day of losses. This downturn occurred as market participants evaluated new tariff threats from the United States while anticipating developments in the ongoing EU-US trade negotiations. President Donald Trump announced plans to levy a 35% tariff on Canadian imports starting next month, and he also warned of potential comprehensive tariffs of 15% to 20% on several other key trading partners. The European Union remains in anticipation of the final tariff rates, following extended discussions, with an official communication potentially expected today from Trump. Simultaneously, investors kept a close watch on corporate earnings reports and business updates. Among the hardest-hit individual stocks were Siemens Healthineers, Breentag, Sartorius, Siemens, Porsche, Adidas, Daimler Truck, and Qiagen NV, which suffered losses ranging from 1.2% to 1.7%. Despite these setbacks, the index was on track to secure a weekly gain exceeding 2%.