FX.co ★ DAX Edges Higher

On Friday, the DAX index in Frankfurt experienced a modest increase of 0.5%, surpassing the 23,600 mark and positioning itself for a slight weekly rise of 0.1%. This occurred despite the announcement of a fresh round of tariffs by the U.S. administration. President Trump declared on Thursday that, starting October 1, the U.S. will impose tariffs of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy trucks. Investors also turned their attention to the U.S. Personal Consumption Expenditures (PCE) index, a key inflation gauge for the Federal Reserve, to glean insights into upcoming monetary policy decisions. Among individual stocks, Siemens saw significant gains, climbing over 2%. Other notable performers included BMW, Münchener Rück, Continental, Mercedes-Benz Group, Allianz, and Commerzbank, each posting increases exceeding 1%. Thyssenkrupp advanced by 1.7% following news that the European Commission intends to apply tariffs ranging from 25% to 50% on steel products imported from China. In contrast, Daimler Truck and Bayer experienced notable declines of 3.2% and 1.3%, respectively, in reaction to the recent tariff announcements.