FX.co ★ DAX Keeps Gains

On Thursday afternoon, Frankfurt's DAX index experienced a modest increase, rising approximately 0.4% to around 23,880, echoing the trend observed among its regional counterparts. The primary focus remained on the ongoing trade negotiations, particularly with the July 9 deadline approaching. Market sentiment received a boost following the relaxation of certain U.S. export restrictions on chip design software to China. Additionally, there were encouraging reports indicating that the European Union and the United States are making progress towards a "political understanding" to address their tariff dispute by July 9, opting for this approach rather than striving for a comprehensive agreement. At the same time, a better-than-anticipated U.S. jobs report in June alleviated some economic concerns and diminished the prospect of imminent Federal Reserve rate cuts, in spite of persistent uncertainties. Notably, Infineon Technologies and Siemens Energy emerged as top gainers, with their shares rising by 2% and 1.6%, respectively. Commerzbank, Henkel AG & Co, MTU Aero Engines, Qiagen, and Airbus also delivered strong performances.