(Clarification regarding the DAX in the second paragraph with decimal places: 24,020.52 points)
FRANKFURT (dpa-AFX) – On Monday, the DAX more than made up for Friday’s tariff shock. After US President Donald Trump granted a postponement until July 9 for the introduction of new tariffs on EU imports, which were initially scheduled for the beginning of June, “the big showdown has been postponed,” commentedto 9 July, “the big showdown has been postponed,” commented portfolio manager Thomas Altmann from asset manager QC Partners. “And that’s enough for the stock markets to breathe a sigh of relief.”
In the first minutes of trading, the German benchmark index rose by 1.65 percent to 24,020.52 points. This meant that it broke through the 24,000-point mark again. The MDax index of medium-sized companies rose by 1.42 percent to 30,319.77 points. The Eurozone’s leading index, the EuroStoxx 50, recovered by 1.6 percent.
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