DAXEUR

Germany's leading stock index DAX has recovered after recent developments, trading today at a rise of 7.78% at the 21,400 level. Trump's announcement of a 90-day tariff delay for EU countries created a strong buying response in the index. However, the index is in a recovery effort after a 20% loss experienced in less than a week following Trump's tariffs. The general tariff of 10% imposed on the EU and the 90-day negotiation period have provided short-term relief for Germany's export-driven economy. Deutsche Bank's statement that "the damage is undeniable, but the extent of the damage is still uncertain" reflects cautious optimism in the markets. Barclays PLC shares rose by 10.80%, while automotive and industrial companies partially compensated for previous losses. Expectations that the European Central Bank will cut interest rates in June and signs of recovery in manufacturing PMI data in Germany are among the factors supporting the index. Technically, for the index fluctuating in the 19,000-21,700 band, the 20,000 psychological support level is of critical importance, and if it stays above this level, a continuation of the recovery towards 22,000 and subsequently 23,000 levels is expected.