FX.co ★ DAX Trims Losses After Trump Remarks

The DAX 40 index trimmed earlier declines of more than 1% to hover around 24,600 points on Wednesday afternoon. This adjustment followed President Donald Trump's comments at the Davos Forum. President Trump reiterated his interest in Greenland due to strategic and security interests but emphasized that he would not pursue forceful measures, instead opting for negotiation. This development exerted pressure on defense sector stocks, including Hensoldt (-4.1%), Rheinmetall (-2.8%), and Renk (-1.5%).