FRANKFURT (dpa-AFX) – After a strong May, the DAX fell slightly at the start of June. Another threat of tariffs on steel imports by US President Donald Trump caused discontent, but investors have now become somewhat accustomed to the back-and-forth. The DAX’s loss, which at times was over one percent, ultimately shrank to 0.28 percent. The DAX thus crossed the finish line at 23,930.67 points.
Trump wants to double tariffs on steel imports to 50 percent of the value of the goods, but weak US economic data did not help share prices either. According to market observer Jochen Stanzl from broker CMC Markets, investor buying interest has recently waned near the 24,000-point mark. He also believes that the DAX is facing a difficult phase in the summer, which could last until October.
The experts at Index Radar spoke of a consolidation after the “May party,” as the DAX gained almost seven percent last month and extended its…
