FX.co ★ DAX Jumps Nearly 1% After Selloff

On Monday, Frankfurt's DAX 40 index experienced an uptick of nearly 1%, reaching 23,660 points as it sought to recover from the steep decline of the previous week, which had pushed the index to its lowest in five weeks. This downturn was largely influenced by unexpectedly poor employment statistics from the United States, raising uncertainties about the robustness of the US economy, and compounded by global growth concerns following President Trump's announcement of new tariffs. The uncertainty was further heightened by Trump's removal of the Bureau of Labor Statistics head. In the corporate sector, Mercedes-Benz saw a slight increase in share value after S&P confirmed its “A-1” rating for the company, although it revised the outlook to “Negative.” As the week progresses, investors are focusing on a series of earnings reports and crucial economic indicators, including German factory orders, industrial output, trade data, and PMI readings for Europe’s services and construction sectors.