21.08.202512:08:55UTC+00DAX in the Red

On Thursday afternoon, the DAX index in Frankfurt experienced a 0.4% decline, settling around 24,180, despite some encouraging developments regarding tariffs. According to the European Commission, the EU and the US reached a consensus following the July 27 agreement, setting a maximum tariff of 15% on a variety of EU exports. This decision impacts key industries such as automotive, pharmaceuticals, semiconductors, and metals. In addition, investors considered the latest PMI data from various European countries, which highlighted the region's resilience in the face of US tariffs and global economic uncertainties. Notably, Germany's private sector saw a slight improvement in activity during August, buoyed by robust manufacturing output. Meanwhile, market players are anticipating the Federal Reserve's annual symposium in Jackson Hole, where economists and central bankers are expected to provide guidance on the trajectory of interest rates. Among individual stocks, Beiersdorf and Heidelberg Materials were the most affected, with shares dropping by 2.4% and 2%, respectively. BMW, Porsche, and Merck also experienced declines of approximately 1%.