The course slip as a result of the US customs flood from the “Liberation Day” continues on Friday. Countermeasures from China then put the market under even pressure.
At the start of the trade, the DAX lost 0.80 percent to 21,543.47 points. In the further course – and especially around noon – it goes down much deeper, so that the German leading index even slips far below the 21,000 mark and sometimes has a minus of around 5.9 percent (daily low: 20,437.37 points). The fear of a strong economic stimulus kink as a result of the customs war started by the US government shakes the German stock market.
On March 18, the stock market barometer had reached a new high with a view to the Bundestag vote on the financial package at 23,476.01 points. The leading index had ended March 6th at 23,419.48 units – with a new all -time high at the final course basis.
Storms of the stock market on the US markets
In the United States, too, after the global, reciprocal tariffs of the US President, there is even a violent storm of stock exchange against uninhabited islands. The recently somewhat recovered Dow Jones Industrial has crashed back to the lowest level since September 2024. This year it is almost 5 percent in the red, while the DAX is still in 9 percent. The technology-based Nasdaq indices NASDAQ 100 and NASDAQ Composite are even two digits in the minus (standing at the end of the trade on Thursday).
And on Friday, too, strong losses are again evident on the US exchanges.
Afraid of growth is about
Lori Calvasina, the US chief strategy of the Canadian investment bank RBC, feels real fear of growth on Wall Street – as in 2010, 2011, 2015-2016 and 2018. Her price until the end of the year, she had already cut for the second time – for the second time – from 6,200 to 5,550 points. It is currently around 5,400 points and would not even make it back into the plus over the year. The previous negative scenario is now the basis of your assumptions, says Calvasina.
China announces countermeasures
China announced against tariffs on US imports of 34 percent on Friday. This is more than most market observers expected. The tariffs should come into force on April 10, as the customs commission of the Chinese State Council announced. In addition, Beijing has put eleven American companies on a black list and imposed export controls for several rare earths to the USA with immediate effect. The Chinese government also plans to submit a lawsuit to the World Trade Organization (WTO) because of the US tariffs. These are “harassment” that are not “in line with international trade rules and seriously undermine China’s legitimate rights and interests,” says a statement.
The EU’s reaction to the US tariffs is unchanged. EU Commission President Ursula von der Leyen regretted the US tariffs in a first reaction and highlighted the negative consequences for the global economy. “But it seems to want to keep the door open for negotiations,” said Commerzbank.
Redaktion finanzen.net / dpa-afx