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27.01.202617:07:07UTC+00DAX Snaps 3-Day Advance

The DAX 40 index in Frankfurt concluded Tuesday's trading session with a slight decline of 0.2%, closing at 24,908, as a result of profit-taking following three days of modest gains. The trading session was marked by volatility as market participants assessed the implications of the EU-India trade deal and various corporate updates. Focus is now shifting to the forthcoming announcement from the Federal Reserve and significant earnings reports from major US tech companies. The automotive sector experienced downward pressure following a reduction in car tariffs from 110% to 10% for up to 250,000 units per annum under the new trade agreement. Notable declines were observed in stocks such as Porsche Automobil Holding, Mercedes-Benz, Volkswagen, and BMW, which fell between 0.6% and 2.6%. SAP also experienced a 2.5% drop due to negative analyst forecasts ahead of its annual results release on Thursday. Conversely, Puma saw its shares jump by over 9% after China's Anta Sports revealed a €1.505 billion purchase to acquire a 29.06% share, making it Puma's largest shareholder. Fresenius SE & Co and Rheinmetall additionally recorded notable gains, each climbing approximately 3%.

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