FX.co ★ DAX Finishes on Strong Foot

On Thursday, the DAX 40 saw a positive turnaround, closing approximately 1.2% higher at 24,876 following four consecutive sessions of losses. European markets found relief after the suspension of Donald Trump's tariff threats, which came after his meeting with NATO's Secretary General, Mark Rutte. It is reported that discussions in Davos led to the United States and Denmark planning to resume negotiations regarding their 1951 defense agreement concerning Greenland. Sectors that are particularly sensitive to tariffs, such as automotive, pharmaceutical, and technology, outperformed. Volkswagen and Porsche Automobil were at the forefront of these gains, with Volkswagen soaring by 5.65% after announcing a projected net cash flow of €6 billion in its automotive division for 2025, surpassing its own guidance. Other significant gainers included Infineon Technologies, Merck, Bayer, and Deutsche Bank, each seeing increases of over 3%. Deutsche Börse climbed by 2.2% following the announcement of a record $5.3 billion acquisition of the Amsterdam-listed fund trading platform, Allfunds. In contrast, defense company Rheinmetall experienced a drop, falling by 4.1%.