Overview
- The DAX opened at 24,619 points on July 10, extending a mid-year rally and marking its fourth consecutive record high.
- Global funds are being reallocated from US markets into European equities as investors seek to sidestep risks from potential US tariffs.
- Signs of progress in EU-US trade negotiations have strengthened market sentiment after the EU Commission reported forward movement toward an agreement.
- Minutes from the Federal Reserve’s June meeting revealed that most officials view rate cuts as appropriate later this year to counter temporary import-tariff shocks.
- President Trump’s new threats of 50% duties on copper and 200% on pharmaceuticals have failed to derail the DAX’s upward momentum.