FX.co ★ German Stocks Rise

On Friday, the DAX index experienced a 0.3% increase, trading close to the 24,400 mark, and marking its second straight session of growth as it aligned with the upward trend across broader European markets. Investors remained keenly focused on a new wave of corporate earnings from prominent European companies, while diligently observing trade developments. Attention is squarely on whether the United States and European Union can secure an agreement before the August 1 deadline, which is when a 30% tariff on US goods imported from the EU is slated to be implemented. Leading the corporate advances were Henkel, Zalando, BASF, and Rheinmetall, each gaining almost 1%. Conversely, Siemens Energy and Deutsche Bank recorded the largest declines, with drops of 1.3% and 0.7%, respectively. Over the course of the week, the DAX has risen by 0.5%.