DAX Rebounds From Selloff

German stocks rose on Tuesday after suffering steep losses the previous day amid fresh global trade tensions after the Trump administration announced plans to reinstate tariffs on metal imports from Brazil and Argentina and proposed retaliatory tariffs against France for its new digital services tax.


Investors ignored the prospect of early elections or a minority government in Germany after left-wing leaders threatened to lead party out of alliance with Angela Merkel's conservative bloc.


The benchmark DAX was up 89 points, or 0.68 percent, at 13,052 after plunging as much as 2.1 percent the previous day.


Trade-sensitive automakers were trading mixed while banks Commerbank and Deutsche Bank were subdued.


Allianz, Deutsche Post, Infineon Technologies, Linde, RWE and Wirecard rose 1-2 percent.

Elsewhere, Asian markets fell broadly on fresh concerns about global trade while U.S. stock futures nudged higher.



0 views
Logo

MONEY
MOVING

by WooHoo Ireland

+353-214-651-000

Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |info@woohooai.com

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram