30 am.. This represented a decrease of 0.9 percent compared to the closing level observed on Friday.
Among the top performers on the day were Rheinmetall, Qiagen and FMC, while Zalando, Brenntag and Porsche experienced the largest declines.
Market analysts noted a surprising degree of stability in the DAX despite recent escalations in tariff threats. Jochen Stanzl, Chief Market Analyst at CMC Markets, commented that the market’s reaction to what he described as President Trump’s “deal show” is increasingly muted. He suggested that investors have recognized the tactic of deliberately exaggerating stances as a negotiation strategy. There’s a growing belief amongst investors that the potential impact of Trump’s trade policies on corporate earnings may be less severe than initially portrayed, a belief Stanzl acknowledged carries inherent risk.
However, Stanzl cautioned that the prolonged uncertainty surrounding trade negotiations poses a growing danger. He warned that Trump’s back-and-forth approach risks leaving him without tangible deals and that August 1st could become a risk for the US President himself. Investors are banking on a potential retreat from Trump’s stance. However, the possibility remains that he may implement the threatened tariffs to preserve a perceived image of strength, a genuine threat according to analysts.
The European single currency strengthened slightly on Monday morning, with the Euro trading at 1.1671 US dollars, with the dollar correspondingly valued at 0.8568 Euros.
Crude oil prices also increased, with a barrel of Brent North Sea crude costing $70.76 around 9:00 am German time, a rise of 40 cents or 0.6 percent compared to the previous day’s closing price.