FX.co ★ DAX Ends at 1-Month High

The DAX index in Frankfurt ended Tuesday's session 0.7% higher, reaching 22,426—a peak not seen since early April—and marking its sixth consecutive day of gains. This upward trend occurred as investors assessed a series of corporate earnings reports along with the proposal by former President Trump to reduce tariffs on auto parts for vehicles manufactured in the U.S. Shares of Rheinmetall surged by 8.5%, leading the index, following the German defense company’s announcement of preliminary first-quarter earnings that significantly exceeded market forecasts. Deutsche Bank, Germany's largest lender, also drew attention with a 5% rise, thanks to its first-quarter profit figures surpassing expectations. On the other hand, Porsche AG's stock dropped 4.1% following a pessimistic forecast and disappointing results for the first quarter presented on Monday. Likewise, Adidas experienced a 3.2% decline, despite reporting a 155% increase in first-quarter profit. The company refrained from updating its financial projections for 2025, attributing its cautious stance to uncertainty surrounding tariffs.