FX.co ★ DAX Falls from Record Levels

The DAX index saw a slight decline of 0.2% on Wednesday, following its achievement of closing above the 24,000 benchmark for the first time, marking a new record high the day before. Market sentiment weakened as investors awaited new drivers amidst concerns over stalled trade negotiations, a challenging economic forecast, and the anticipation of upcoming corporate earnings reports. Traders are keenly observing the G7 finance ministers' meeting for potential signals that a weaker U.S. dollar may invigorate trade discussions. In terms of corporate performance, Symrise dropped 2.2%, Zalando fell 2%, and Porsche decreased by 1.5%, ranking among the session's weakest performers. Conversely, Infineon emerged as the leading performer on the index, appreciating by 1.6% after announcing its collaboration with Nvidia to create a new power supply architecture for artificial intelligence data centers.