11 July 2025, 22:10  Germany: DAX Extends Losses.

Frankfurt's DAX closed about 0.8% down at 24,240 on Friday, the second day of losses, as traders weighed fresh US tariff threats and awaited developments on EU-US trade negotiations. Donald Trump has said the US will impose a 35% tariff on imports from Canada next month and threatened to impose blanket tariffs of 15% or 20% on most other trade partners. The EU awaits news on tariff rates following prolonged talks, with Trump indicating a letter could be sent today. Germany ranks as one of the EU economies most threatened by rising US tariffs, notably in the auto industry. Several sectors experienced declines. Among individual stocks, top losers included Siemens Healthineers, Brenntag, Qiagen NV, Sartorius, Commerzbank, Adidas ad BASF, shedding between 1.8% and 3.7%. Auto stocks showed mixed performance. Still, the index booked a weekly gain of 1.9%.

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