FRANKFURT (dpa-AFX) – Weak cues from overseas stock markets kept the pressure on the Dax on Friday. The leading German index fell by 0.74 percent to 22,383 points in early trading. The MDax of medium-sized companies fell by 1.25 percent to 28,201 points. The EuroStoxx 50 lost 0.9 percent.
Rekindled customs concerns and a gloomy global mood characterized the picture. In Asia, the markets were under pressure in the morning, following the weak US stock markets the day before. US President Donald Trump had announced tariffs against China, Canada and Mexico in the coming week.
US foreign trade policy is becoming increasingly unpredictable and this is making life difficult for investors, said market expert Andreas Lipkow. Portfolio manager Thomas Altmann from asset manager QC Partners tried to put the price losses in Germany into perspective: “The Dax & Co cannot escape the current wave of selling. In an international…
