FX.co ★ DAX Edges Higher

The DAX index in Frankfurt edged higher, surpassing the 24,000 level on Friday. This modest gain reflects the ongoing market evaluation of uncertainties tied to the tariff policies of the Trump administration. Investors are also keeping an eye on geopolitical dynamics, notably the potential reopening of peace negotiations between Ukraine and Russia, possibly scheduled for June 2 in Istanbul. On the economic data front, recent reports indicated an unexpected 1.1% decrease in German retail sales for April, contrary to the 0.2% rise that analysts had projected. Furthermore, inflation statistics are anticipated later today, with expectations pointing to a minor dip in the annual inflation rate, predicted to decrease from 2.1% in April to 2% in May.