FX.co ★ DAX Snaps 4-Day Rally

The DAX index in Frankfurt concluded Wednesday's trading 0.5% lower, settling at 23,503 after a volatile session. This movement aligned with general trends observed across major European markets. Following a robust four-day surge that propelled the index to record highs — spurred by a trade agreement between the United States and China and an unexpected slowdown in U.S. inflation — traders took the opportunity to pause. Simultaneously, market participants shifted focus to a new round of corporate earnings reports. Bayer experienced a significant decline, dropping over 10%, as U.S. President Trump prepared to implement policies aimed at capping drug prices. Brenntag also faced pressure, decreasing approximately 2% due to disappointing quarterly core earnings. Conversely, Daimler Truck and E.ON emerged as notable gainers, driven by their positive quarterly financial disclosures.