German Stocks Retreat Amid Profit-Taking and Global Economic Concerns; DAX Drops 1.57% to 22,922 Points

Frankfurt, Germany - On Thursday, investors engaged in profit-taking, causing German stocks to retreat after a strong run. The DAX fell by 1.57% to 22,922 points, while the MDAX declined by 2.30% to 28,963. The EuroStoxx 50 also dropped by over 1%. The German stock market did not benefit from the US Federal Reserve's signals of potential interest rate cuts this year. Market observers are focusing on US trade policies and the risk of the Fed foregoing rate cuts. Rheinmetall was among the biggest losers due to profit-taking in the defense sector. Deutsche Bank and Commerzbank also experienced losses of up to 4%. SAP saw a 0.3% increase after JPMorgan gave the stock a "Positive Catalyst Watch" status. RWE shares fell by 3.4% due to a mixed outlook. RTL shares were down by 4%, while LANXESS declined by 7% due to a disappointing outlook. SGL Carbon SE experienced a 15% drop due to a weak forecast, and DEUTZ fell by 13% amid profit-taking in the defense sector.