Current stock exchange: DAX well below 22,000 marks-US tariffs load heavily

The Dax entered Thursday trading with a whopping minus of 2.45 percent at 21,842.08 points. After he was just over the 21,800 meter brand in the daily low, he continues to move significantly on red terrain.

This means that the leading index again falls below the psychologically important 22,000 mark. Instead, safe ports such as gold and government bonds are bought.

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.

End of the free trade era – inflation and recession concerns

Stephen Dover, market strategist at Franklin Templeton, spoke of the end of the free trade era. Trump’s tariffs are much higher overall than expected.

The customs package goes hand in hand with the economy worries. The central banks could browse part of the economic consequences through loose interest and monetary policy measures, said stock exchange expert Andreas Lipkow. However, they are caught in the narrow corset of inflation development, which is also influenced by the punitive tariffs.

Trump makes threatened mega-inch package come true

For weeks, US President Donald Trump had threatened with a comprehensive XXL customs package. His plans presented the evening before are not only complex, but also unprecedented. The stock exchanges worldwide reacted to this with high losses.

From Saturday, the United States occupies a flat rate of ten percent of tariffs from all countries. In addition, the US government announced a complex mechanism of mutual tariffs, which provides for higher taxes for many countries. For the European Union, this means that exports of its member countries to the United States will be occupied by 20 percent from next week.

Pretty much all industries came under pressure on Thursday morning.

Redaktion finanzen.net / dpa-afx