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

DAX bounce back from Daily Support leve...

November 20, 2024

Market Insights

Time for caution in Gold & Bitcoin as Gr...

November 04, 2024

Market Insights

Gold price holds steady above $2,600 as...

November 13, 2024

Market Insights

GERMANY FY2025 revenue is expected to sl...

November 13, 2024

Market Insights

DOW JONES ANALYSIS

November 15, 2024

Live Charts

Oil News & Analysis

October 18, 2024

Market Insights

Kartik Sharma

ICT Analyst

Maddy

Cross-Asset Analyst & Trainer

Sandy Matthews

Trading Expert

Sam Thomas

Global Market Analyst

Bot Window | Bot Window