DAXEUR

The DAX Index closed the day down 4.13% due to potential new tariff threats from U.S. President Trump towards the EU and the impact of a sharp sell-off in global markets, particularly affecting technology companies, banks, and the export-driven German industrial sector. The index has lost 0.60% since the beginning of the year and 7.8% in the past week, with 19,750 as strong support and 19,500 emerging as the next critical level. Germany's weak economic growth outlook, increasing trade tensions, and geopolitical risks limit the upside potential of the DAX Index, while the FOMC announcement today and the U.S. CPI data to be released on Thursday will be decisive for short-term direction. Although the interest rate cut process creates upside potential from a fundamental perspective, the technical outlook is negative due to risks.