DAX Surges as EU Nears Tariff Deal with US

European indices, including the DAX, rise as investors await trade news from Trump. Despite a rise in inventories, oil prices show resilience and hold steady at a two-week high. Trump announces plans for tariffs on imports and semiconductors, but market remains hopeful for negotiation. DAX trading near record highs as EU nears trade deal with the US. Defence stocks outperform while banks prepare for earnings. Oil market focuses on demand side amid positive Chinese inflation data and peak driving season in the US. US EIA inventory data due later today.

Read more at Investing.com: DAX Pushes Higher as EU Edges Closer to Tariff Deal With US