FX.co ★ DAX Fails to Hold Gains

The DAX index in Frankfurt reversed its initial upward trend to close 0.4% lower on Wednesday. This shift occurred as investor sentiment became more cautious in anticipation of significant US inflation figures and the upcoming European Central Bank's monetary policy announcement scheduled for Thursday. Despite concerns about global conflicts and the political situation in France, there was still some positive sentiment driven by hopes of potential easing from the Federal Reserve. On the trade front, reports suggest that US President Trump has urged the European Union to impose 100% tariffs on India and China due to their Russian oil imports. In terms of stocks, SAP retraced earlier gains, which had been fueled by Oracle's strong performance, and fell by 3% after investors reassessed its results, particularly noting that SAP's growth was not in sectors aligned with Oracle's strengths. Other notable declines included Deutsche Telekom down 2.1%, Continental decreasing by 1.9%, and both Beiersdorf and Symrise falling by 1.8%.