DAX Slids 1.1% On Tariff Jitters | International Market Information
(RTTNews) – German shares are notably decrease Thursday morning, harm by U.S. President Donald Trump’s announcement that he would impose a 25% tariff on European automobiles and different items, to curb unfair trade practices.
Additionally,with Germany employment, retail gross sales and inflation information due on Friday, merchants are treading cautiously and largely refraining from taking recent long positions.
The benchmark DAX, which tumbled to 22,488.50, shedding more than 300 factors, was down 250.91 factors or 1.1% at 22,546.50 a short time in the past.
Vehicle shares BMW, Porsche, Mercedes-Benz and Volkswagen are down 2.2 to 2.8%. Continental is down almost 1%.
Symrise is declining 2.5%, whereas Brenntag, Siemens Healthineers, Bayer and E.ON are down 2 to 2.4%.
Deutsche Financial institution, Fresenius, Qiagen, Zalando, Infineon, RWE, BASF, SAP, Merck, HeidelbergCement, Sartorius, Deutsche Submit, Henkel and Fresenius Medical Care additionally notably decrease.
Beiersdorf is gaining 3%. The company reported that fiscal 2024 revenue after tax elevated to 928 million euros from 749 million euros, final 12 months. Earnings per share was 4.05 euros in comparison with 3.24 euros. Working end result or EBIT, excluding particular components, elevated to 1.4 billion euros, bettering EBIT margin to 13.9% from 13.4%. Gross sales have been 9.9 billion euros, with natural growth of 6.5%.
For 2025, Beiersdorf expects natural gross sales growth within the vary of 4-6%. The company has additionally introduced a new share buyback program.
Rheinmetall is rising 1.7%. Deutsche Telekom, which declined sharply on Wednesday after earnings updates, is up 1.2% this morning.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
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