FX.co ★ DAX Moves Into the Red

On Wednesday, Frankfurt's DAX index reversed some of its early gains to trade slightly lower, hovering around 23,500. This reflects a cautious sentiment prevailing across European markets. Despite the apparent stability of the Iran-Israel ceasefire, largely attributed to intervention by US President Donald Trump, there is a general awareness of the ongoing fragility of the situation. Concurrently, market participants are focused on discussions at the NATO summit regarding defense spending, along with Chair Jerome Powell's upcoming testimony before the US Senate, which may offer more clarity on policy direction. In terms of individual stocks, Commerzbank emerged as the day's poorest performer, with a decline exceeding 4%. Other notable decliners included Daimler Truck Holding, Deutsche Telekom, and Infineon Technologies, with each falling between 1.4% and 2.1%. Conversely, Rheinmetall led the gainers, rising by 2.1%, followed by Sartorius at 1% and Siemens Energy at 0.6%.