02.07.202516:28:59UTC+00DAX Ends on Higher Note

Frankfurt's DAX index experienced a modest increase of approximately 0.5%, closing at 23,790 after a volatile trading session on Wednesday. This rise broke a two-day losing streak, fueled by heightened optimism surrounding pivotal trade negotiations. President Donald Trump announced that the United States has reached a trade agreement with Vietnam, complementing existing deals with the United Kingdom and China. Concurrently, trade discussions between the US and the European Union persist, with the US advocating for a 10% tariff as the EU seeks sector-specific exemptions, particularly in alcohol, aircraft, pharmaceuticals, and semiconductors. At the Sintra Summit, European Central Bank officials voiced concerns about the potential impact of the euro's appreciating strength on inflation dynamics. Gains in the automotive sector were notable, as UBS raised price targets and earnings forecasts for several European companies, citing lesser-than-expected US tariff implications and an uptick in global vehicle production.