dax
DAX 40 Record Close as Euro Stocks Rally, EUR/USD Slips Back to 1.13
European stocks close broadly higher with Dax near record highs, while EUR/USD struggled amid uncertainty and euro pullback.
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Last updated: Wednesday, June 4, 2025
Quick overview
- European equity markets closed mostly higher, with Germany's DAX 40 leading the gains due to strong performances in industrials and financials.
- In contrast, major U.S. indices faced declines, primarily driven by weakness in the technology and energy sectors, with notable drops in stocks like Apple and Nvidia.
- The EUR/USD currency pair retreated to 1.13 as the euro lost momentum after a strong rally earlier in the year, amid concerns over U.S. economic conditions.
- Overall, the session highlighted a divergence in market sentiment between Europe and the U.S., with European stocks showing resilience while U.S. markets struggled.
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European stocks close broadly higher with Dax near record highs, while EUR/USD struggled amid uncertainty and euro pullback.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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