market report
After a wild ride, the DAX had to have a strong springs today. Crash fears ensured panic sales in the morning. The fire-threatening situation created by the US tariffs was poured.
The sale on the stock exchange, which started after the customs announcements by US President Trump in the previous week, has reached its preliminary climax. After a wild rode with sometimes panic -like sales, the DAX ended up at 19,789 points by 4.13 percent. However, it was a wild ride that shook the index through today.
After the DAX had already lost over ten percent at the daily low at 18,489 points, in the afternoon there are opposing purchases, which led to 20,799 points until the daily high and in the meantime even lifted the leading index back into the plus – a countermovement of over 2,000 points.
The MDAX of the medium -sized values also tended between 23.135 and 25,768 points extremely volatile. The final score was 24,640 points, ultimately a loss of 3.02 percent.
It was today the third deep red trade day in a row – the price gains of up to 18 percent since the beginning of the year are history. In addition, the DAX slipped under the simple 200-day average line for the long-term trend for the first time since August.
The initial uncertainty of investors according to the explanation of US President Trump on customs policy on April 2 was finally panicked at the latest in the morning. Understandable, because it is currently at stake as much as long – the future of free world trade is more uncertain than ever against the background of the US tariffs.
In the morning the Asian markets had also closed significantly lower, in Tokyo the Nikkei Leindex gave up almost seven percent to 31,475 points, the losses in China were similar.
The US government has made it clear that it wants to stick to imports from all over the world with high extracolks on its drastic economic policy. The willingness to talk to the affected countries affected by US President Donald Trump does not change this.
This stays that way and react to the most important trading partners EU and China with counterparts, in the opinion of most experts, this will ignite the global economy. That is why the optimists among investors have lost hope of improvement and want to get rid of their shares. “The sales pressure has increased massively again at the start of the week,” says financial market expert Andreas Lipkow. “The nerves are currently bare.”
According to analyst Christian Henke from the Broker IG, China's quick reaction to the new US tariffs “the starting signal for the next trade war”. The Chinese tariffs for US imports are to come into force on April 10th. In the middle of the month, EU tariffs could also be effective for American products.
In Luxembourg, meanwhile, the Minister of Commerce of the EU countries discussed the question of which strategy for US President Donald Trump could be moved to give in. According to EU Commission President Ursula von der Leyen, the EU proposed the abolition of all tariffs to industrial goods on both sides.
“We offered zero-for-null tariffs for industrial goods,” said von der Leyen in Brussels today. So far, the government in Washington has not responded to this offer. The EU offered the abolition of mutual tariffs “repeated”, for example in the automotive sector, said von der Leyen. “But there was no reasonable reaction to this offer”. She emphasized that the EU was “always ready for good business”.
The EU hopes for a negotiating solution in the trade dispute with US President Donald Trump. EU trade commissioner Maros Sefcovic “Soon or later” expects a negotiating solution in the customs dispute with the USA. There will then be one compromise acceptable for both sides, he says to journalists. Because of the US attack on the commercial system, it is time to deal with China again.
The EU Commission and the member countries also prepare a number of countermeasures to react to the US tariffs. From mid -April, counter -tariffs should gradually come into force.
The US exchanges also run a roller coaster, but have limited their losses around noon local time. The leading index Dow Jones loses around 1.7 percent after it had already given in over four percent in early business. The S&P 500 Index is still 1.2 percent, the NASDAQ technology agency is around 0.9 percent lower. This continues the recent descent of the US stock markets, but so far with somewhat braked foam.
The losses at the start of the new week are somewhat lower than that of Friday, but experts remember caution. “What we see is a technical recovery after a very steep sale, but it is not necessarily the end of the sale,” said Fiona Cincotta, chief legisin at the Broker City Index.
“In order for this to happen, fundamental changes would have to take place.” This will be the case, for example, if Trump takes out a few tariffs if the central banks supported or if investors get the impression that the global economy is good despite the tariffs.
A little relief on the stock exchanges is currently ensuring that the markets are currently expecting a little more than one percentage point with the end of the year with the end of the year to support the economy.
However, central bank boss Jerome Powell only said on Friday that the Fed was highest alert due to an increase in inflation caused by the tariffs. This speaks more against falling interest, at least in the near future.
The trade war, which is given by President Trump, not only lets the stock exchanges shake, but also brings the central bank to the bredouille. Unlike in the years of Corona pandemic, when she played the crisis fire brigade, the Fed does not touch this time.
Trump whirled up so much dust with the political turnaround that the view seems to be hidden: does the economy crash or is inflation fueled, or even both? Not only the customs policy perceived as erratic makes an answer difficult. The consequences of the planned tax cuts and the turn in migration policy are also unclear.
The President urges Powell to reduce interest rates faster. The head of the independent central bank threatens to be pushed into a bogus role. This role is more likely to have Trump, according to chief economist Alexander Krüger from Hauck Aufhäuser Lampe Lampe Privatbank: “The uncertainty is already great, growth is placed, inflation is in the starting block, the interest is high and the budget deficit explodes.” Trump cannot expect applause for this, according to the economist.
In the meantime, US President Donald Trump announced additional tariffs for China in the amount of 50 percent from April 9 if the People's Republic should not withdraw its counter-tariffs by April 8th. “In addition, all discussions with China are canceled with us!” Writes Trump on the Truth Social platform. However, meetings with other countries who also asked for discussions would start immediately.
It was also very volatile on the foreign exchange market. The euro is currently a little weaker at $ 1.0909 than on the weekend. Last week, the community currency benefited from a weakness of the dollar, which, as a result of the aggressive customs policy of the US government, was significantly under pressure. At times, the euro course had risen to almost $ 1.1146 and thus up to the highest level in half a year.
Against the background of customs turbulence with strong course burglaries on the international stock exchanges, economic data on the foreign exchange market took a back seat. An unexpectedly strong decline in German industrial production in February could not burden the euro. The European Central Bank set the reference course to $ 1.0967 (Friday: 1.1057)
Volkswagen has a firm grip on the German electric market market. After the rival Tesla crashed, the brand and the group from Wolfsburg dominate in the new registration figures of the Federal Motor Transport Authority (KBA) for the first quarter. Only BMW can currently keep up, while the former number one Tesla has now been given to eighth place.
The KBA has a total of 112,968 new registrations of pure electric cars from January to March. The VW brand is clear number one with 25,393 before BMW with 10,315 registrations. This is followed by three VW daughters with Skoda, Audi and Seat, who achieved 9,258, 8,634 and 8,063 new registrations. Sixth place goes to Mercedes with 7,090 in front of Hyundai with 5,316. Tesla only follows eighth with 4,935 cars. In the same period last year, which, however, had also been confused by the elimination of the environmental bonus, Tesla was still in third place in the year in third place.
The VW Premium subsidiary Audi temporarily encouraged the import of cars to the USA in response to the tariffs imposed by President Donald Trump. According to a report by the “Automobilwoche”, this applies to all cars that were delivered to ports in the USA after April 2. Vehicles that previously arrived would be delivered as planned. The industry newspaper refers to an internal memo to dealers. Audi was initially no statement.
ProSiebenSat.1 found a candidate for the top of the supervisory board. Maria Kyracou will be proposed to the general meeting at the end of May as a member for the election to the company's supervisory board, the media group said in Unterföhring today. According to the announcement of over 30 years of leadership experience, the 54-year-old brings with paramount Global and Walt Disney.
At the end of January, ProSiebenSat.1 announced that the current chief supervisor Andreas Wiele would not seek a further term as a member and chairman of the committee after the regular course of his election period. In addition to his successor, the shareholders should also vote on the re -election of two other members of the supervisory board at the end of May.
