Course jumps were seen on the German stock market after US President Donald Trump steps on the brakes during the tariffs – for the time being.
The Dax went to 21,207.76 points in Thursday with a rich gain from 7.81 percent and remained strong, even if the 21,000 mark could not be defended permanently. At the end of the trade, he posted a surcharge of 4.53 percent to 20,562.73 points. The day before, he had lost 3.00 percent to 19,670.88 units.
On March 18, the German leading index had reached a new high with a view to the Bundestag vote on the financial package at 23,476.01 points. The DAX ended March 6th at 23,419.48 units – with a new all -time high at the final course basis.
After the Nasdaq indices were shot upwards the evening before, the DAX was now followed. He made up for around three quarters of his losses since the customs announcements a week ago and returned over his 200-day average lines. From the low since the crash on Monday at 18,489 points, with which all annual profits were gone, he recovered around 11 percent again.
Trump announces customs break
The markets reacted to the latest developments on the customs front: a customs break announced by US President Donald Trump had already catapulted the US stock markets up on Wednesday. Trump exposed certain tariffs that have just entered into force for 90 days. During the break, a universal duty rate of 10 percent should apply. However, this does not apply to China: Trump increased the tariffs with immediate effect on Chinese imports to a total of 125 percent, but continues to assume an agreement with the People’s Republic: “China wants to make a deal,” said the Republican.
EU reacts: counter -tariffs also exposed
The EU will not implement the planned counter-tariffs on US products for the time being, said EU Commission President Ursula von der Leyen. From the Leyen said: “We have noticed the announcement by President Trump. We want to give negotiations a chance.” The EU counter-measures were emphatically supported by the Member States, but are to be suspended for 90 days. Actually, the first measures should have been used next week.
Trump: “Nothing is over”
It is speculated in the trade that the pressure from the bond market in particular may have triggered the change in the heart at Trump. Trump himself speaks of growing concern for the economy. “Nothing is over yet,” he said, adding that “someone” had to take the steps that he had undertaken. He pointed out that many countries were ready to negotiate with the USA – including China.
Sustainable recovery?
It remains to be seen how sustainable recovery is on the stock markets. Not only has further confidence in US politics has been lost because of the customs chaos, the trade war with China also threatens to further escalate. The Yuan has fallen to the lowest stand for the dollar since 2007. US Finance Minister Scott Bessent had warned China again the day before before devaluing the Yuan. China now wants to accelerate the talks with the European Union on various explosive topics because Beijing wants to build closer relationships with the USA with the USA.
Chief economist: “Crazy situation”
The volatility on the stock market remains extremely high – as well as the range of the US government decisions. After the US President had caused massive price losses with his false flood since last week, he now blows with her 90-day suspension on a recreation rally. “The situation is not chaotic, it is crazy,” commented Carsten Brzeski, chief economist for Germany and Austria of the ING.
China-Zölle come into force
The Chinese counter-duties for US goods also come into force this Thursday.
“After yesterday, it is time to take a sigh of relief,” wrote the chart analyst Marcel Mußler, which is oriented towards the chart. “The crash is missing, at least for the time being.” For the expert, this is “no reason to call out the next housesee in return”. After all, the customs war was not ended, but was only suspended for negotiations. “However, Trump will still not give the Samaritan,” said Mussler’s forecast. “Rather, he will continue to heat the mood with pithy sayings. And the trust in Trump remains destroyed.” The ongoing trade war with China means that it is difficult to calculate.
VW, carmaker and Nordex in view
At the German stock market, the focus was on Volkswagen on Thursday with preliminary quarterly figures. Although the carmaker missed expectations, he sticks to his annual goals. The shares write down with a green sign after a three -week descent. Clear price gains can also be seen in the similarly battered titles of competitors BMW and Mercedes-Benz.
In addition, the views of the wind turbine manufacturer Nordex are based on the number of orders.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires