FX.co ★ DAX Sees Mild Gains

The Frankfurt DAX index trimmed its initial advances, ultimately closing approximately 0.4% higher at 23,846.1 on Tuesday. Investors remained vigilant, assessing corporate earnings while keeping a close watch on trade dynamics, as the implementation of U.S. tariffs looms on August 7. According to the recent U.S.-EU agreement, the majority of European Union exporters will now encounter a uniform 15% U.S. tariff—reduced from the initially proposed 30% by President Trump. In exchange, the EU has agreed to decrease tariffs on selected products and to increase the purchase of U.S. energy by $750 billion during the remaining three and a half years of Trump's administration. Nonetheless, Trump has issued a warning that a 35% tariff could be imposed on the EU should Brussels fail to fulfill its $600 billion investment commitment in U.S. infrastructure. In corporate news, Infineon Technologies saw a significant 4.6% surge due to robust quarterly earnings, while Continental shares modestly increased by 0.4% despite second-quarter EBIT missing projections by 10%. Conversely, Fresenius Medical Care saw a more than 1.7% decline following the release of earnings that fell short of market expectations.