Frankfurt equities squeezed out gains Monday after conservatives led by Friedrich Merz won Germany’s national election, with investors hoping that Europe’s largest economy can emerge from recession.
Elsewhere equities mostly slid with investors still concerned about the inflationary effect of US President Donald Trump’s plans to slap tariffs on various trading partners and their impact on interest rates and economic growth.
Major US indices finished mostly lower after Trump signaled plans to proceed with tariffs on Canada and Mexico once a 30-day suspension expires.
“Markets like certainty,” said Adam Sarhan of 50 Park Investments. “Right now there is high uncertainty.”
But earlier, Frankfurt’s DAX index jumped 0.8 percent at the start of trading but gave up part of its gains as the day wore on,…