DAX 40 swiftly comes off Friday’s record high
The German DAX 40 index dropped around 2% from Friday’s 21,802 record high amid President Trump’s tariffs on the US’s main trading partners Canada, China and Mexico.
Key support is at the late January low of 21,080. A fall through and daily chart close below this level could signal the formation of a medium-term top, with the first downside target at the mid-December high of 20,526.
Minor resistance sits at the 24 January high at 51,529 ahead of Friday’s 21,596 low.
