FX.co ★ DAX Sees Some Stabilization

The DAX index in Frankfurt recovered early declines, closing slightly higher at 23,550 on Thursday afternoon. Shares of defense companies saw gains as optimism about peace talks to resolve the conflict between Russia and Ukraine diminished. Rheinmetall was notably the strongest performer, climbing by 4.2%. However, investor sentiment was tempered by renewed uncertainties over trade relations between the US and China, along with a string of disappointing corporate earnings reports.