Overview

• The DAX index, after reaching a record 23,912 points earlier this week, has pulled back by approximately 600 points, raising concerns about market sustainability.
• US inflation eased to 2.3% in April, fueling gains in tech stocks, while broader economic uncertainty continues to weigh on global markets.
• Daimler Truck revised its US sales guidance downward due to ongoing trade policy concerns, citing reduced expectations for truck sales in North America.
• E.ON reported an 18% year-over-year rise in Q1 adjusted EBITDA to €3.2 billion, driven by higher investments and colder weather conditions.
• Labor challenges intensify as Ford's Cologne plant experiences its first-ever strike, halting operations, and Microsoft announces job cuts affecting thousands of employees worldwide.