The DAX experienced gains on Wednesday, primarily driven by a robust performance in the automotive sector following a new trade agreement between the United States and Japan. This agreement includes a 15% tariff on Japanese exports and promises significant Japanese investment in the US, fostering optimism for EU manufacturers. However, this rally was counterbalanced by a decline in SAP shares, which disappointed despite reporting strong profit growth. Market attention remains fixed on upcoming earnings from major German companies and the European Central Bank's policy meeting.
The DAX rose on Wednesday, led by a strong performance in the auto sector after a trade agreement between the United States and Japan lifted investor sentiment.
Gains were concentrated in the automotive sector, with shares of carmakers rising on optimism that similar concessions could benefit EU manufacturers.
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