FX.co ★ DAX at Near 1-Month High

On Tuesday, Frankfurt's DAX increased by 0.5% to reach approximately 22,380, achieving its highest point since early April and continuing a six-session winning streak, driven by a new wave of corporate earnings announcements. Concurrently, White House officials confirmed President Trump's strategy to reduce tariffs on auto parts for vehicles manufactured in the U.S., following a report by The Wall Street Journal. Domestically, the GfK Consumer Confidence Index for May is anticipated, serving as a key early indicator for Germany's economic outlook. In the realm of individual stocks, Germany's largest financial institution, Deutsche Bank, drew attention with a 3.1% rise after it reported higher-than-expected profit for the first quarter. Conversely, Porsche AG experienced a significant drop of up to 7.6%, poised for its largest single-day decline ever, following a pessimistic forecast and disappointing first-quarter results released on Monday. Meanwhile, Adidas reported a substantial 155% increase in first-quarter profit but refrained from updating its 2025 financial forecasts, citing uncertainties surrounding tariffs.