Frankfurt (dpa -AfX) – After the robust weekly start, the German stock market continued to recover on Tuesday at the pace. The DAX had overcome the much -noticed mark of 21,000 points in the early trade and went 1.43 percent higher at 21,253.70 points.
On Monday, the leading index increased by almost 3 percent and thus further reduced the losses due to the customs shock triggered by US President Donald Trump in early April. The MDAX of medium -sized companies won 2.40 percent on Tuesday to 27,266.31 points.
The focus remained the subject of tariffs and the erratic and less predictable trading policy of the United States under US President Trump. The uncertainty has let the economic expectations of German financial experts break in in April. The mood barometer of the ZEW research institute was no longer as strong as since the beginning of the Russian war of aggression against Ukraine.
After the exception for certain electronic products, Trump now also promised car farmers at least temporarily applicable exceptions to far -reaching tariffs. Car companies would need a little more time to switch their supply chains to a parts production in the USA, he said as a reason./La/he