The Dax started Thursday’s trading session with losses. At around 9:30 am in Frankfurt’s stock exchange, the index stood at approximately 23,435 points, which was 0.4% lower than the previous day’s closing.
Concerns about the situation in India contributed to the decline. The Indian government is reportedly considering imposing additional import duties on certain US products as a response to the US tariffs on Indian steel and aluminum. Investors are also keeping an eye on the upcoming US retail data, which is expected to provide insights into the impact of the new trade policies.
The European common currency, the Euro, was stronger on Thursday morning, with one Euro costing 1.1206 US Dollars and one US Dollar equivalent to 0.8924 Euros.
The gold price continued to decline in the early trading hours. In the morning, a fine ounce was traded for 3,140 US Dollars (-1.2%). This translates to a price of 90.08 Euros per gram.