DAX Down 1% As Stocks Fall Ahead Of Trump's Tariff Announcement

RTTNews | 1 hari yang lalu

(RTTNews) - German stocks are down in negative territory in cautious trade Wednesday morning, with investors awaiting U.S. President Donald Trump's announcement about his tariff plans later in the day.

There is uncertainty regarding the size and the scope of new U.S. tariffs that would take effect immediately after Trump's announcement.

The Washington Post noted that White House aides have drafted a proposal to impose tariffs of around 20% on most imports to the United States, but several options are on the table.

Treasury Secretary Scott Bessent reportedly told lawmakers that the U.S. president will impose the highest possible reciprocal tariffs on major trading partners.

It is feared that the U.S. President's 25% tariff on auto imports that are set to effect on Thursday (April 3), and a likely 20% levy on most imports, will push up inflation and impeded global economic growth.

The benchmark DAX, which dropped nearly 350 points to 22,189.92 earlier in the session, was down 225.90 points or 1% at 22,308.43 a little while ago.

Shares of automakers and auto components manufacturers are down sharply. BMW, Volkswagen, Porsche, Daimler Truck Holding, Porsche Automobil Holding and Mercedes-Benz are down 1.2 to 2.5%.

Bayer and Sartorius are declining 4.7% and 4.6%, respectively. Rheinmetall is down nearly 4%.

Merck, Continental, Fresenius, Fresenius Medical Care, MTU Aero Engines, Qiagen, Commerzbank, BASF, Infineon Technologies, Deutsche Post, Vonovia, Siemens and Siemens Healthineers are down 1 to 2.7%.

Zalando and Beiersdorf are bucking the trend, gaining about 0.5% and 0.3%, respectively.

European Economic News Preview: German Factory Orders Data Due

Factory orders and construction Purchasing Managers' survey results from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders figures for February. Orders are forecast to grow 3.4 percent on a monthly basis, in contrast to the 7.0 percent decrease in January.

RTTNews | 4j 18min yang lalu

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.

RTTNews | 4j 55min yang lalu

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 5j 39min yang lalu

Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.

RTTNews | 5j 46min yang lalu

Japanese Market Sharply Lower; Down 2.4%

Extending the sharp losses in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling 2.4 percent to below the 33,900 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.

RTTNews | 6j 50min yang lalu

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,800 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 7j 17min yang lalu

Thai Shares Tipped To Open Under Water Again On Friday

The Thai stock market on Thursday ended the two-day winning streak in which it had advanced almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,160-point plateau and it's looking at another soft start again on Friday.

RTTNews | 7j 18min yang lalu

Soft Start Expected For Singapore Stock Market

The Singapore stock market has tracked lower in four straight sessions, slumping almost 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,940-point plateau and it figures to open in the red again on Friday. The global forecast for the Asian markets is broadly negative after U.S. President Donald Trump's tariff announcement. The European and U.S. markets were sharply lower and the Asian bourses are expected to open in similar fashion. The STI finished modestly lower on Thursday following losses from the banks and mixed performances from the properties and industrials. For the day, the index lost 11.98 points or 0.30 percent to finish at 3,942.23 after trading between 3,902.98 and 3,955.04.

RTTNews | 7j 48min yang lalu

EURUSD	1.10914	GBPUSD	1.31002	AUDUSD	0.62418
USDJPY	145.626	USDCAD	1.40933	USDCHF	0.85324

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DAX Down 1% As Stocks Fall Ahead Of Trump's Tariff Announcement