FX.co ★ DAX Pares Some Losses

On Friday afternoon, the DAX index in Frankfurt saw a slight recovery, trading slightly lower at approximately 24,300. This followed the release of a stronger-than-expected US May jobs report, which alleviated some concerns about a potential downturn in the US economy. Nonetheless, weak domestic economic data and ongoing global trade tensions continued to dampen market sentiment. In Germany, exports and industrial production figures fell short of expectations. Additionally, although US President Trump mentioned an extended conversation with China's President Xi Jinping and announced upcoming meetings between US representatives and Chinese trade negotiators, no further details were provided. Among individual stocks, Rheinmetall experienced a significant decline of over 4%, while other companies such as Porsche, Qiagen NV, Siemens, Fresenius Medical Care, and MTU Aero Engines saw decreases ranging from 0.5% to 1%. For the week, the index was on track to post a gain of about 1.3%.