12.09.202509:55:00UTC+00DAX Retreats

On Friday, the DAX index in Frankfurt experienced a slight decline, trading around the 23,630 mark, as caution permeated European markets ahead of Fitch’s review of France's sovereign credit rating. Investors were particularly anxious about the potential for a downgrade. Despite this, optimism persists due to expectations of an impending interest rate cut by the US Federal Reserve. In contrast, the European Central Bank (ECB) has indicated a halt to its rate-cutting phase, with President Christine Lagarde stating that the bank is now in a "good place" and that the risks to growth are currently more balanced.

Meanwhile, global attention remains fixed on US trade policies, with President Trump urging the G7 countries to levy tariffs on nations buying Russian oil, such as India and China. In corporate news, sectors including automotive, banking, and pharmaceuticals saw significant pressure. Shares of major car manufacturers, such as Porsche Automobil Holding, Volkswagen, Mercedes-Benz Group, and BMW, declined between 1.6% and 2.1%.