FX.co ★ German Stocks Edge Down

The DAX index experienced a slight decline of 0.2%, settling at approximately 24,120 on Tuesday. This movement reflects a cautious sentiment in the market as investors are keenly observing developments from the US-China trade discussions, which have now entered their second day. Although no significant progress was reported in the initial phase, there is an air of optimism from US officials regarding the talks. In addition, softer labor market data from the UK is bolstering expectations that the Bank of England might lower interest rates as the summer progresses. Among corporate players, Rheinmetall saw a drop of 3.4%, while Commerzbank, Deutsche Telekom, Siemens Energy, Zalando, and SAP recorded declines of 1.4%, 1.1%, 1%, 1%, and 0.6% respectively. Conversely, E.ON and Brenntag emerged as top gainers, each rising by 0.9%.