On Tuesday there were deep red signs on the spa board in Frankfurt.
The DAX started Tuesday with a discount of 1.27 percent at 22,852.72 points and continuously expanded its minus. In the daily low he fell to 22,320.07 units and ultimately closed 3.54 percent lower at 22,326.81 points.
On Monday, the stock market barometer climbed a new record at 23.307.97 points and ended the session on a new all -time high at the closing price basis of 23,147.02 points. He owed this to a rally, especially with armor and car values. The NordLB recalled on Tuesday morning that the third thousand brand was skipped this year.
Customs dispute ensures mood dampers
While at least armor shares remained in question on Tuesday, US tariffs now dampened the mood. US President Donald Trump doubled the import tariffs ordered in February to goods from China to 20 percent. The Chinese government then announced against tariffs to US agricultural products and other measures against American companies. At the same time, US tariffs are coming into force on imports from the neighboring countries of Canada and Mexico. On the US exchanges, the indices were significantly burdened at the start of the week of customs and economic worries.
Political stock exchanges
“The stock exchanges have been politically driven as long,” commented Thomas Altmann from QC Partners. “And with the dominance of political issues, volatility increases.” The trade war is in full swing and the danger is great that in the end there will only be losers, says Altmann. Trump had already threatened the European Union with tariffs in the past.
Redaktion finanzen.net / dpa-afx