FX.co ★ DAX Bounces Back After Steep Losses

On Tuesday, Frankfurt's DAX experienced a significant upward movement, opening over 1% higher. This resurgence propelled the index past the 20,000 mark, effectively breaking a four-day losing streak that had brought it to its lowest point in over four months due to mounting trade tensions. Optimism was bolstered by the possibility that the U.S. might ease its stance on tariffs, notwithstanding ongoing uncertainties. This follows President Trump's Monday announcement of a potential 50% tariff on Chinese imports, to which China's Commerce Ministry responded by vowing to "fight to the end" and implement unspecified countermeasures to safeguard its interests. Concurrently, the European Commission made a proposal to eliminate tariffs on all industrial goods as part of trade negotiations, although President Trump dismissed the proposal. Among the biggest gainers were Siemens Energy, which saw an increase of over 5%, followed by Sartorius, Rheinmetall, Heidelberg Materials, Siemens, and MTU Aero Engines. Deutsche Bank also showed robust performance, rising nearly 2%. Conversely, Vonovia, Infineon Technologies, and SAP suffered the steepest declines, falling between 1.5% and 2%.