Frankfurt's DAX gained ground, rising 1.1% to close at 24,193 on Thursday, outperforming its regional peers, as investors focused on strong corporate earnings and largely brushed off concerns over tariffs. The "reciprocal" measures, now in effect, target nearly all major trading partners, including the EU, which faces a 15% rate. Germany’s export-reliant economy is under growing pressure from US tariffs. On the data front, June saw stronger German exports but a deeper-than-expected drop in industrial output. On the business front, Heidelberg Materials and Commerzbank led the gains, adding 6% and 4.9%, respectively. Allianz followed closely, rising 4.1% after reporting upbeat Q2 results and sticking to its full-year guidance, and Henkel advanced 3.9% after better-than-expected results. On the downside, Rheinmetall plunged 8% after reporting lower-than-expected Q2 sales. Deutsche Telekom shed about 5%, weighed down by weak results.