FX.co ★ DAX Rally Continues

The DAX index in Frankfurt experienced an uptick of approximately 0.7% on Wednesday, reaching over 22,570, marking its highest level since March 27 and continuing its upward trend for the seventh consecutive session. The increase was driven by encouraging corporate earnings and a reduction in trade tensions. Investors are now focused on forthcoming economic data that may shed light on the initial impact of tariffs on Germany's economy. Scheduled releases include retail sales figures, labor market data, preliminary first-quarter GDP statistics, and inflation rates. Notable performers included Deutsche Post, Fresenius Medical Care, Deutsche Telekom, Rheinmetall, and Qiagen NV, each registering gains between 1.2% and 3.6%. Conversely, the banking and automotive sectors faced challenges. In terms of earnings, automotive leader Volkswagen reported a 37% decline in profit for the first quarter.