The DAX in Frankfurt edged down 0.3% toward 24,120 on Friday, ending a four-session winning streak and lagging behind regional peers, with the earnings season in focus. The index was pressured by an over 7% plunge in shares of Munich Re, after the reinsurer lowered its insurance revenue forecast for 2025 despite posting stronger-than-expected net profit in the second quarter. Meanwhile, traders continued to weigh the impact of reciprocal tariffs imposed by President Donald Trump, while also evaluating prospects for a resolution to the Russia-Ukraine conflict.