FX.co ★ DAX Turns Slightly Positive

On Wednesday afternoon, Frankfurt's DAX index rebounded from initial declines to trade marginally higher around the 24,150 mark. Investors remain focused on the potential for a tariff agreement potentially more favorable than what has recently been proposed. EU Trade Commissioner Maros Sefcovic is in Washington today to discuss the 30% tariff imposed by President Trump. If these discussions do not yield a favorable outcome, the EU is prepared with retaliatory measures targeting $72.1 billion in U.S. imports, which include whiskey, Boeing aircraft and parts, beef, and automotive components. Concurrently, President Trump has reiterated his intent to possibly expand tariffs to include pharmaceuticals and semiconductors as soon as August 1st, coinciding with the implementation deadline of his 'reciprocal' tax policy. The market's mood was also dampened by some disappointing financial reports from European companies. Leading individual performers included Munchener Ruck, Deutsche Bank, Deutsche Telekom, and Allianz, each posting gains between 1.2% and 1.8%.