DAX Rises 2.8% As Stocks Rise On Some Tariff Exemptions

RTTNews | 112 hari yang lalu
DAX Rises 2.8% As Stocks Rise On Some Tariff Exemptions

(RTTNews) - German stocks are up sharply in positive territory on Monday, mirroring gains in global markets, buoyed by U.S. President Donald Trump exempting smartphones, computers, and other devices and components such as semiconductors, from reciprocal tariffs.

However, there is still some uncertainty about Trump's moves, as commerce secretary Howard Lutnick later clarified that these exemptions are not permanent. Trump later said on Truth Social that they are still subject to the existing 20% Fentanyl tariffs, but just moving to another bracket.

The focus is also on trade talks between the U.S. and the European Union. EU Trade Commissioner Maros Sefcovic is reportedly set to meet with U.S. officials.

The benchmark DAX was up 577.63 points or 2.84% at 20,946.16 a little while ago.

Deutsche Bank is rising 4.75%. Sartorius is climbing up 4.2%, while Infineon Technologies, Siemens Energy, Fresenius Medical Care, Daimler Truck Holding and MTU Aero Engines are gaining 3.5 to 4%.

Deutsche Post, Heidelberg Materials, Rheinmetall, Zalando, BMW, Bayer, Siemens, Brenntag, Continental, Allianz, BASF, Fresenius, Adidas, Munech Rueck, Volkswagen, Hannover Rueck, Commerzbank, Deutsche Telekom, Beiersdorf, Merck, SAP and Symrise are up 2 to 3.4%.

German steel producer Salzgitter AG is down 2.1% after the company said it has ended talks with a bidding consortium on a possible takeover.

read more
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | 35 minit yang lalu
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | 43 minit yang lalu
FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.
RTTNews | 1j 34min yang lalu
Indian Rupee Falls To 4-day Low Against U.S. Dollar

Indian Rupee Falls To 4-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Monday, as investors await the announcement of the interest rate decision by the Reserve Bank of India (RBI) on Wednesday.
RTTNews | 1j 57min yang lalu
CAC Moderately Higher As Stocks Recover From Recent Setback

CAC Moderately Higher As Stocks Recover From Recent Setback

The French stock market is up firmly in positive territory on Monday with several counters from across various sectors attracting buyers after last week's decline following a sweeping tariff announcement from U.S. President Donald Trump.
RTTNews | 2j 3min yang lalu
DAX Up 1.1% As Stocks Rebound From Recent Losses

DAX Up 1.1% As Stocks Rebound From Recent Losses

German stocks are up firmly in positive territory on Monday, recovering well from recent losses, as investors look past last week's tariff announcement from U.S. President Donald Trump and focusing on recent earnings.
RTTNews | 2j 21min yang lalu
European Shares Tick Higher In Cautious Trade

European Shares Tick Higher In Cautious Trade

European stocks opened on a positive note Monday after falling sharply in the previous session on worries about the impact from higher U.S. tariffs.
RTTNews | 4j 37min yang lalu