The DAX, representing the German stock market, experienced a downturn on Wednesday morning, marking its fourth consecutive session of decline, as apprehensions regarding a potential trade war persistently influenced market sentiment. U.S. President Donald Trump disseminated modified images on his social media platform, Truth Social, illustrating Greenland, Canada, and even Venezuela as integral parts of the United States, thereby rekindling discussions surrounding his Arctic strategy and territorial aspirations.

In the lead-up to his address at the World Economic Forum, marking his return after a six-year hiatus, Trump cautioned the NATO alliance that its strength is contingent upon the support provided by the United States. Investors are also anticipating Trump’s address at the World Economic Forum in Davos. The benchmark DAX experienced a decline of 129.81 points, reflecting a decrease of 0.53%, settling at 24,559.86 recently. Banks and financial stocks experienced significant declines, whereas automotive stocks saw an upward movement.

• Commerzbank experienced a decline of 2.1%.
• Deutsche Bank and Deutsche Boerse experienced declines of 1.7% and 1.8%, respectively.
• Bayer experienced a decline of approximately 1.4%.
• Continental, Mercedes-Benz, Porsche Automobil Holding, Beiersdorf, Fresenius Medical Care, BMW, Brenntag, and RWE experienced an increase ranging from 0.7% to 1.3%.
• Henkel experienced an increase of nearly 3%.
• BASF, Qiagen, Daimler Truck Holding, and Volkswagen experienced increases ranging from 1.5% to 2%.

Other companies such as Deutsche Telekom, Munich RE, Siemens Energy, Zalando, GEA Group, Merck, Scout24, E.ON, MTU Aero Engines, Siemens Healthineers, and Allianz saw losses ranging from 0.7 to 1.1%.