A Correction in German Stocks, The IT Sector Experiences The Largest Sell-Off
European markets are experiencing a mixed trading session today. The Polish WIG20 index is leading gains with +1.00%, followed closely by the UK100 (+0.60%), which is rising on weaker labor market data and renewed hopes for a de-escalation in the trade war. On the losing side, the Swiss SUI20 is down 0.40%, and the German DE40 is down 0.30%.
Market uncertainty stems from the ongoing trade talks between China and the U.S., taking place in London since yesterday and expected to conclude today. According to early comments from Commerce Secretary Lutnick, the negotiations are progressing very positively, with a conclusion likely later today.
The weakest-performing sectors within the German index are IT, defense, and industrials, while utilities and materials are among the top gainers.
Most companies in the German DE40 index are posting losses today. Rheinmetall is down over 2.60%, extending a correction following its recent strong rally.
DE40 (DAX)
The German DAX index is down 0.30% to 24,000 points, testing a key psychological barrier. The nearest support level lies just above 23,400 points — approximately 2.80% below current levels.
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