FX.co ★ DAX Stays on Guard

The DAX 40 slipped by 0.2% to 24,600 on Wednesday, marking its fourth consecutive day of declines. This downturn reflects traders' ongoing anxiety about a possible trade conflict between the US and Europe. Market caution intensified as US President Donald Trump prepared to deliver his address at the World Economic Forum in Davos, amid renewed uncertainties over potential tariff implementations. Among the most affected sectors were banks and financial institutions, with Deutsche Bank and Commerzbank experiencing losses of 1.8% and 1%, respectively. Allianz also saw a decline, dropping by 0.9%.