The DAX experienced a notable gain, marking a 1.1 percent increase over the week, despite a backdrop of fluctuating market conditions. This rise follows a record high of over 25,900 points in early July. The significant uptick in SAP’s stock, attributed to robust growth in its cloud business, contributed to the index’s positive performance. Concurrently, investor sentiment was affected by the announcement of new tariffs imposed by the United States on 60 trading partners, including goods from the European Union, replacing previously temporary tariffs that were set to expire.