FX.co ★ DAX Falls for 3rd Day

Frankfurt's DAX continued its downward trend for the third day in a row on Friday, declining more than 1% to reach its lowest point in two months at 21,490. On Thursday, the index experienced its most severe session in over eight months, driven by the broad implications of President Trump's tariff proposals. The full impact is still uncertain and largely depends on the duration of the tariffs and the reactions of other countries. The banking sector bore the brunt of this decline, with Deutsche Bank and Commerzbank experiencing losses of 5.1% and 4.4%, respectively. Additionally, technology firms, basic resource companies, and automakers found themselves on the defensive.