FRANKFURT (dpa-AFX) – The DAX has made up for the losses it suffered at the beginning of the week. Even though the tariff agreement between the US and the EU was met with much criticism, satisfaction about the end of uncertainty ultimately prevailed on Tuesday. This is because stock markets hate risk, as it can lead to high market volatility.
Ultimately, the German benchmark index closed the day up 1.03 percent at 24,217.37 points. The MDax index of medium-sized stocks rose 0.47 percent to 31,174.76 points.
With regard to the tariff deal, the experts at Landesbank Hessen-Thüringen wrote that it was positive that “the uncertainty and concerns about an escalation in the trade conflict have been eliminated.” However, negative factors remain and will continue to have an impact in the coming months. Price increases and production-dampening effects in the US and the European Union are to be expected.
Gains were also…
