FRANKFURT (dpa-AFX) – Following a strong start to the week, the German stock market continued its upward trend on Tuesday. Investors expressed relief after U.S. President Donald Trump postponed the deadline for introducing new tariffs and signaled willingness to negotiate with trading partners. The DAX ended trading up 0.55 percent at 24,206.91 points.
“With the European Union not having received a tariff letter, it becomes clear that negotiations between the U.S. and the EU are ongoing, and there remains hope for a deal,” wrote market expert Jens Klatt from broker XTB. “This is driving the DAX towards new record highs.” The German benchmark index is now just over one percent away from its record high set in early June.
The U.S.’s existing tariff agreements with countries such as China, the United Kingdom, and Vietnam have already brought relief to financial markets, said economist Michael Heise of HQ Trust….
