FX.co ★ DAX Ends at Over 1-Week Low

On Thursday, the DAX index in Frankfurt ended the day down by 0.6%, closing at 23,535, marking its lowest point in over a week following two consecutive sessions of modest gains. Investors are keenly watching the direction of U.S. interest rates, influenced by recent economic data releases such as GDP figures and jobless claims, while also keeping an eye on the potential implementation of new tariffs. Domestically, Germany's GfK consumer climate index showed a slight improvement for October, beating expectations, though it remained in negative territory. The healthcare, construction and materials, industrials, and retail sectors were among the hardest hit. The banking sector also experienced significant pressure. In the equity market, Siemens Healthineers, a German medical technology firm, saw a decline of about 3.5% following the U.S. administration's announcement of a new national security investigation into imports of robotics, medical equipment, and industrial machinery. Other companies such as Heidelberg Materials, Adidas, Brenntag, and Fresenius Medical Care also experienced notable declines. Additionally, SAP fell by 1.2% after the European Commission initiated an antitrust investigation.