FX.co ★ DAX Turns Negative

On Thursday afternoon, Frankfurt's DAX reversed its earlier upward momentum, falling below the 24,000 mark. This shift mirrored the decline in European markets following new U.S. data that heightened concerns about the economic future. The underwhelming numbers have strengthened the anticipation of several Federal Reserve interest rate cuts this year. Earlier in the trading day, European markets saw some optimism due to a U.S. court's decision that temporarily blocked President Donald Trump from enacting wide-ranging import tariffs through emergency powers. Despite this legal setback, Trump's administration has already lodged an appeal. On the corporate front, notable declines were registered by Zalando, Vonovia, Heidelberg Materials, and Siemens, with their stocks dropping between 1.8% and 2.7%.