DAX Ends on Strong Note, Outshines Peers
On Monday, Frankfurt's DAX index closed with a gain of approximately 1.6%, reaching 23,997, surpassing its regional counterparts. This boost was fueled by the decision of US President Donald Trump to defer the imposition of 50% tariffs on European Union goods until July 9, instead of the initially planned June 1. This announcement followed a phone conversation with European Commission President Ursula von der Leyen on Sunday, during which she sought additional time to cement a trade agreement. Germany, as Europe's largest economy and a significant exporter, increasingly views the US as an essential market for its pharmaceuticals, machinery, automobiles, and automotive components such as engines and car parts. On the corporate scene, the DAX saw widespread gains, spearheaded by Rheinmetall's nearly 3% increase, with Heidelberg Materials up by 2.8%, Siemens climbing 2.7%, Fresenius Medical Care advancing 2.3%, and MTU Aero Engines up by 2.2%. German automakers also fared well, with Volkswagen climbing 2.3%, Daimler Truck Holding rising 2.2%, the Mercedes Benz Group advancing by 1.9%, and BMW increasing by 1.7%.
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