Hope for Agreement in the Tariff Dispute Pushes DAX Further - Deutsche Telekom Significantly Stronger After T-Mobile Figures - Deutsche Bank Reports Highest Quarterly Profit Since 2007 - Alphabet Exceeds Expectations - ServiceNow up 7% After Strong Q2 Figures!
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The DAX can continue its positive development from the previous day on Thursday. After a strong opening, the German benchmark index can show a significant increase of 0.70% at noon, putting it within reach of the annual high. The market is once again fueled by hopes for a soon-to-be-reached compromise in the tariff dispute with the USA, with many market participants assuming that the EU may still be able to avert the looming US import tariffs of 30%, which are set to take effect on August 1. Negative news such as an unexpectedly sharp decline...
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