FRANKFURT (dpa-AFX) – Conciliatory tones from US President Donald Trump in the tariff dispute with China sent the DAX on a recovery path on Monday. Following a renewed escalation in the trade conflict between the world’s two largest economies, Trump wrote on the Truth Social platform: “Don’t worry about China, everything will be fine.” In addition, France has a new government, even if the political crisis in the neighboring country remains unresolved.
In early trading, the DAX rose 0.7 percent to 24,413 points. The MDAX, which tracks medium-sized companies, rose 0.8 percent to 30,490 points. The Eurozone’s leading index, the EuroStoxx 50, recovered by 0.9 percent to 5,581 points.
On Thursday, the DAX had climbed to a record high of 24,771 points, spurred not least by speculation about interest rate cuts and continued enthusiasm for AI. Then profit-taking largely wiped out the gains.
On Friday, there was a 1.5…
