Dow Jones-with slight surcharges, Europe’s stock exchanges started on Wednesday. In early trade, the DAX charges 0.5 percent to 24,329 points, the euro stoxx-50 climbs 0.5 percent to 5,402 points.

The stock exchanges continue to hang on the statements of US President Donald Trump on the trade war. After the extension of the ultimatum, which would otherwise have expired on Wednesday, new announcements always come. Trump speaks of 200 percent tariffs on pharmaceutical and 50 percent on copper imports.

He also had dissatisfied about negotiations with the EU and threatened her with so -called reciprocal tariffs. In the meantime, however, press reports indicate a possible agreement in the trade dispute: the EU will loosen its environmental standards for US products.

From a chart -technical point of view, the location also looks good: “From a technical point of view, the DAX broke out from the recent sideways span and should now start the all -time high,” said a market participant.

Pharmaceuticals and raw materials with the latest Trump statements at a glance

Pharmaceutical titles stand in view with the trump threats of tariffs of up to 200 percent on imported pharmaceuticals. However, they should only be implemented in one and a half years. Until then, the corporations should have time to change their supply chains. “In one and a half years, a lot of water will spill over the Atlantic,” said a market participant. The healthcare index in the Stoxx universe loses 0.2 percent.

In addition, there are also Trump statements to other industries: copper imports will in future be occupied with 50 percent inches. The raw material sector index against the positive overall market is currently 0.6 percent. “Nobody is clear what this nonsense is to do, you cannot put a mine from Chile to the USA,” commented a dealer with a view to the copper producer Antofagasta. Its shares traded in London fall by 2.4 percent. In Germany, Aurubis increases by 2.7 percent, they benefit from increasing copper prices.

Profit warning at WPP – Meta at Essilorluxottica

With a course of the course of 15.7 percent, the shares of WPP, the British holding company for advertising agencies after a violent profit warning are shown. The concern of US criminal duties is burdening the joy of spending on the customer side. The new business is therefore weaker than expected. The turnover is likely to collapse by 3 to 5 percent on a comparable basis (previously: unchanged up to 2 percent).

Competitor Publicis also falls by 1.6 percent. Exterior advertisers like the Germans are hardly burdened and only accommodate 0.6 percent.

Essilorluxottica’s shares increase by 5.1 percent after Meta has surprisingly built up a 3 percent share there. The proportion of META corresponds to a market value of $ 3.5 billion. The proportion could continue to be increased by 5 percent. With the Essilor subsidiary Oakley, smart glasses with built-in AI from Meta are to be developed.

At Commerzbank in the DAX it goes 2.4 percent higher. Here the reports support the fact that Unicredit has expanded their share to 20 percent. Unicredit climbing up by 2.7 percent.

Salzgitter increases by another 6.0 percent. The previous day they announced that they had received the material approval for a special safety steel that can now be used in military technology.

Index changes in SDAX and TECDAX

In Germany, index changes are in view: SMA Solar (-4.5%) come back to the TecDAX, Verve (+4.0%) come to the SDAX. As the best retrospective candidate, you will replace the titles of 1 & 1 with effect on the start of trade on July 11, which are removed from the indices because of the takeover by United Internet.

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last +/- % absolutely +/- % ytd

Euro-stoxx-50 5.401.52 +0.6% 29.57 +9.1%

STOXX-50 4,524.53 +0.4% 18.48 +4.0%

DAX 24,329.31 +0.5% 122.40 +20.9%

MDax 31.193.74 +0.4% 135.83 +20.2%

TECDAX 3,944.36 +0.1% 2.71 +14.0%

SDAX 17,872.76 +0.3% 48.21 +28.4%

CAC 7,807.80 +0.5% 41.09 +4.6%

SMI 11,965.49 -0.0% -5.16 +3.0%

ATX 4,433.29 +0.5% 23.07 +20.3%

Foreigners last +/- % 0:00 Mon, 5:55 p.m. % YTD

EUR/USD 1.1707 -0.1% 1.1723 1.1733 +13.4%

EUR/JPY 171.88 +0.0% 171.83 171.15 +5.3%

EUR/CHF 0.9337 +0.1% 0.9331 0.9350 -0.4%

EUR/GBP 0.8620 -0.1% 0.8628 0.8606 +4.1%

USD/JPY 146.81 +0.2% 146.58 145.87 -7.1%

GBP/USD 1.3582 -0.1% 1.3589 1.3634 +8.7%

USD/CNY 7.1572 -0.1% 7.1608 7.1539 -0.7%

USD/CNH 7.1853 +0.1% 7.1814 7.1743 -2.1%

From/USD 0.6525 -0.0% 0.6525 0.6511 +4.9%

Bitcoin/USD 108,731.95 -0.2% 108,911.60 108,321.50 +14.4%

Row oil last VT-Settlem. +/- % +/- USD % YTD

WTI/Nymex 68.46 68.33 +0.2% 0.13 -4.9%

Brent/ICE 70.31 70.15 +0.2% 0.16 -6.2%

Metals last the last day +/- % +/- USD % YTD

Gold 3,294.65 3,300.73 -0.2% -6.08 +27.1%

Silver 31.23 31.41 -0.6% -0.18 +12.6%

Platin 1,159,02 1,161.75 -0.2% -2.73 +34.0%

Copper 5.66 5.65 +0.3% 0.02 +39.0%

YTD based on the final score of the previous day

(Information provided without guarantee)

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Contact with the author: [email protected]

DJG/Mod/Ros

(End) Dow Jones Newswires

July 09, 2025 04:04 ET (08:04 GMT)

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