FX.co ★ DAX Hits 3-Week Low

The DAX index in Frankfurt tumbled 1.4% to approximately 23,450 on Friday, marking a three-week low and poised for its most significant weekly drop since late March. This decline stems from rising tensions in the Middle East that have unsettled global markets. The downturn was precipitated by Israel's extensive airstrikes on Iran, targeting nuclear facilities and military assets, reportedly resulting in the deaths of two high-ranking Iranian commanders. Israel's warnings of further actions heighten concerns about potential Iranian retaliation and a broader conflict in the region. Compounding these pressures, unease over U.S. trade policy resurfaced as President Trump reiterated threats of imposing unilateral tariffs to coerce foreign governments into new trade agreements. Meanwhile, investors are also closely monitoring any progress on the U.S.-China trade deal, which remains incomplete. Across the corporate landscape, declines were widespread, with Adidas down 2.4%, Deutsche Bank falling 2.6%, and Porsche AG decreasing by 2.5%, among the notable losers.