FX.co ★ Fresh Trade Concerns Knock DAX

On Thursday, Frankfurt's DAX index dropped over 1% to fall below the 23,700 mark, marking the fifth consecutive session of declines and lagging behind its regional counterparts. The market was overshadowed by renewed tariff threats from President Trump and a precarious trade truce with Beijing, despite the optimistic tone set by a favorable US inflation report. Speaking at an event in Washington, President Donald Trump announced plans to send formal notifications to major US trading partners within two weeks, outlining trade agreements with strict, non-negotiable terms. Additionally, escalating geopolitical tensions in the Middle East added to the negative market sentiment worldwide. On the corporate front, nearly all sectors saw declines, with notable losses in real estate, pharmaceuticals, automotive, financial, banking, and retail industries.