FX.co ★ DAX Starts July on Cautious Note

The DAX remained relatively stable around the 23,900 mark on Tuesday, while European indices demonstrated varied performances amidst lingering uncertainties regarding U.S. tariffs, leaving investor sentiment on edge. Reports indicate that the European Union is considering a trade agreement with the United States, which would impose a standard 10% tariff on numerous exports. However, it is crucial for the EU that sectors such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft be exempt from this tariff. The EU's trade chief is set to engage in negotiations in Washington this week, aiming to advance discussions. Simultaneously, the European Central Bank's (ECB) annual forum is commencing in Sintra, capturing investor attention as central bankers are expected to provide insights into policy and economic projections. In terms of data releases, the German labor market and Eurozone inflation figures will be under scrutiny. In the stock market, auto manufacturers experienced selling pressures, with Porsche and Mercedes-Benz Group each declining by over 2%, and BMW and Volkswagen also recording losses. On the other hand, Adidas and Commerzbank emerged as the leading gainers, each advancing by 1.6%.