The DAX in Frankfurt showed little movement on Friday, closing just below the flatline at 24,193, but gained over 3% for the week, supported by broadly positive Q2 corporate earnings. Meanwhile, investors continued to weigh the broader economic impact of tariffs imposed by Donald Trump, while keeping an eye on geopolitical developments in Eastern Europe. Bloomberg reported that US and Russian officials are working to reach an agreement on the territories for a summit between Presidents Donald Trump and Vladimir Putin scheduled for next week. On the corporate front, Munich Re’s shares fell 7%, dragging down insurers after the company cut its 2025 insurance revenue forecast despite exceeding Q2 profit expectations. On the upside, banks, pharma stocks, chipmakers and autos advanced firmly. In business news, Thyssenkrupp shareholders approved spinning off its Marine Systems naval division, retaining 51% ownership.