7 July 2025, 16:35 Germany: DAX Extends Gains and Outperform.
Frankfurt's DAX gained ground to trade about 0.9% firmer around 23,990 on Monday, outperforming its regional peers, amid optimism around a potential trade agreement between the EU and the US. The European Union said it is nearing a framework trade agreement with the US, following a call between European Commission President Ursula von der Leyen and President Donald Trump on Sunday. On the same day, President Trump extended the 90-day suspension of Liberation Day (April 2) tariffs from July 9 to August 1, though formal tariff notifications or trade agreements are still expected by the original July 9 deadline. On the domestic front, Germany’s industrial production rose 1.2% month-over-month in May, compared to market estimates of no change and rebounding from a revised 1.6% decline in April. Top gainers included Heidelberg Materials, Commerzbank, Siemens Energy, Adidas, Allianz and SAP, adding between 1.5% and 2.5%. Merck and RWE underperformed, down 1.8% and 0.9%.
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