Markets cautious as investors await earnings and trade updates, DAX faces downside risk.

From Investing.com: 2025-05-07 07:09:00

European shares fell on Wednesday as investors awaited corporate earnings and updates on U.S.-China trade talks before the rate decision. U.S. Treasury officials will meet with China to discuss ending the trade war. Market sentiment remains cautious amid concerns over company warnings. India and Pakistan tensions escalate, impacting markets. Indian stocks dropped, while the Pakistan stock index fell over 6%. The US dollar strengthened against the yen and franc. Gold prices slipped to around $3,380 per ounce. Oil prices rose slightly above recent lows. Eurozone retail sales dropped, while German factory orders rose more than expected. Focus shifts to the US FOMC meeting later today. Technical analysis suggests possible downside for the DAX index.



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