DAX Trims Gains
Frankfurt's DAX 40 pared its early advance to traded slightly up around 26,700, though remaining at record levels, supported by strong corporate earnings. Meanwhile, President Trump's remarks on Iran reignited geopolitical concerns, pushing oil prices higher. Also, the crisis at the top of the chip giant Nvidia continued to rattle global markets, jeopardizing the chip sector and enthusiasm for AI. Insurers, retailers and telecom stocks advanced the most, while tech and banks lagged. Industrials also moved slightly into the red.
Frankfurt's DAX 40 pared its early advance to traded slightly up around 26,700, though remaining at record levels, supported by strong corporate earnings. Meanwhile, President Trump's remarks on Iran reignited geopolitical concerns, pushing oil prices higher. Also, the crisis at the top of the chip giant Nvidia continued to rattle global markets, jeopardizing the chip sector and enthusiasm for AI. Insurers, retailers and telecom stocks advanced the most, while tech and banks lagged.
Industrials also moved slightly into the red.