DAX tumble due to US Election

DAX was up on Wednesday morning after testing the low level of 19166 in the same trading session as The DAX was up 0.8% to trade around the 19400 level on Wednesday, a small gain compared to other European counterparts, as traders digest the victory of Donald Trump in the US presidential election. A Trump win is expected to present challenges for the European economy, particularly in areas like trade tariffs, security, and support for Ukraine. The auto sector was one of the most hits due to concerns about tariffs but also due to disappointing results from BMW. Porsche (-4.9%), VW (-3.4%) and Mercedes-Benz AG (-3%) were sharply down and BMW declined almost 5% after reporting a 61% decline in third-quarter profit.

Recent News

GOLD Analysis & Market Overview: Key Lev...

December 02, 2024

Live Charts

Gold price languishes near daily low ami...

November 11, 2024

Market Insights

DAX made a Doji on Daily time frame

December 10, 2024

Market Insights

AUDUSD facing Daily Resistance

November 20, 2024

Market Insights

Dow Jones 1 Hour Chart Key Support and R...

March 05, 2025

Market Insights

Dow Jones Shows Bullish Flag Pattern Ami...

April 08, 2025

Market Insights

Maddy

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window