FX.co ★ DAX on Negative Note

On Thursday, the DAX index in Frankfurt declined by 0.8%, falling below the 22,000 threshold after experiencing robust gains the previous day. This movement was consistent with most other regional markets. Investors displayed a cautious stance due to mixed messages from the US government and ongoing Sino-US trade tensions. US Treasury Secretary Scott Bessent emphasized that any easing of tariffs would depend on Beijing's cooperation and not occur unilaterally. Meanwhile, market participants closely monitored a new set of corporate earnings and economic indicators. Significant losses were observed among firms such as SAP, Brenntag, Daimler Truck, and Rheinmetall, with their stocks falling between 1.8% and 3.6%. Conversely, retailer Adidas emerged as the leading performer within the index, rising nearly 2% after announcing quarterly profits that exceeded expectations.