FX.co ★ DAX Ends on Negative Note

On Tuesday, Frankfurt's DAX index recovered some of its initial losses, ultimately closing around 0.4% lower at 24,060, in line with other European markets. The decline was primarily driven by weaknesses in defensive stocks, banking, and financial sectors. Meanwhile, market participants closely watched developments in trade negotiations. Although EU ministers remain optimistic about reaching an agreement with Washington, Brussels has prepared a €72 billion list of US products—including aircraft, cars, and food—that could face retaliatory tariffs if President Trump proceeds with his plans. On Monday, the US President expressed a willingness to engage in talks with the EU and other trading partners, mentioning that EU officials are expected to visit the US soon for trade discussions. On the corporate scene, Renk Group, Rheinmetall, Hensoldt, and MTU Aero Engines reported losses ranging from 1.5% to 3.4%. Other significant decliners included Commerzbank, which fell by 2.9%, and both Airbus and Allianz, which each decreased by 1.5%. In contrast, automotive and technology sectors recorded the most substantial gains.