DAX Sees Pressure Amid Inflation Fears and Profit-Taking
The DAX faces downward pressure following a strong rally, as recent robust US economic data stirs inflation fears among investors, prompting potential profit-taking. The index is down 0.1% at 20,317 points, approaching its record high of 20,522 points. Meanwhile, Asian markets are mixed, and oil prices rise amid tightening supply. Volkswagen’s management plans significant salary cuts to support cost-saving initiatives, while Samsung’s Q4 earnings fall short of expectations and ExxonMobil anticipates a considerable drop in profits.