FRANKFURT (dpa-AFX) – The German stock market faltered again at the end of the week. On Friday, the DAX lost 0.61 percent to close at 23,787.45 points, bringing its weekly loss to one percent. While its year-to-date gain remains close to 20 percent, the record high of 24,479 points set a month ago is now somewhat further out of reach. The MDAX, which tracks mid-sized companies, slipped by 0.35 percent to 30,280.91 points ahead of the weekend.
“Tariff uncertainty has returned,” noted analyst Thomas Altmann of QC Partners. U.S. President Donald Trump plans to impose additional tariffs of 50 percent starting next Wednesday unless the European Union meets his demands on trade issues. Altmann emphasized that a last-minute deal remains possible. “However, many countries will already be facing higher tariffs next week. As things stand, that includes the EU member states as well.”
Beyond the…
