FX.co ★ DAX Drifts Lower Amid EU Uncertainty; Banks Lead Losses

German stocks saw a decline on Friday, driven by uncertainty surrounding China's potential response to EU tariffs imposed on Chinese electric vehicles.

The recent rightward shift of the EU Parliament has further fueled uncertainties regarding future policies on enlargement, defense, and the economy.

French Finance Minister Bruno Le Maire issued a stark warning that the rise of a new left-wing coalition in France could result in the nation's exit from the European Union.

The DAX benchmark index fell by 100 points, or 0.6%, to settle at 18,165, following a 2% drop in the previous trading session.

Technology stocks, including Infineon Technologies, experienced a downturn with Infineon dropping 1.5%. Automakers BMW, Mercedes-Benz, and Volkswagen remained flat to slightly lower. Financial sector players weren't spared, as Commerzbank plunged 3.2% and Deutsche Bank decreased by 1.3%.