FX.co ★ DAX Poised for Solid Performance in May

On Friday afternoon, Frankfurt's DAX index experienced a 0.6% uptick, reaching close to 24,100, in line with broader European markets. It is on track for a notable 7.1% rise in May, marking its strongest performance since January. Investors were encouraged by economic data, particularly favorable inflation figures from Germany, Italy, and Spain, which bolstered expectations for an interest rate reduction by the European Central Bank (ECB) in the upcoming week. However, the continuing trade uncertainties introduced a note of caution within the market. In a recent development, a federal appeals court overturned a lower court's ruling, temporarily reinstating President Donald Trump's tariffs a day after they had been nullified for exceeding the bounds of presidential authority. Additionally, U.S. Treasury Secretary Scott Bessent described the progress in U.S.-China trade discussions as "somewhat stalled." Geopolitical issues were also under scrutiny, especially with potential resumption of peace talks between Ukraine and Russia scheduled for June 2 in Istanbul. Among individual stocks, Zalando led the gains with over a 2% increase, followed by notable rises from Siemens, SAP, Fresenius SE & Co, Münchener Rück, Symrise, and Merck, each advancing between 0.9% and 1.5%.