Yesterday at 11:09 AM | DAX

DAX Index trends upward amid trade tensions and corporate contrasts

DAX Index trends upward amid trade tensions and corporate contrasts

On Friday, the Frankfurt DAX fluctuated within a narrow range but maintained an upward trend. Traders remain cautiously optimistic despite a challenging market environment. The escalation of trade tensions was triggered by Donald Trump's announcement of potential 200% tariffs on wine and spirits exports from the EU, in response to European duties on U.S. whiskey. Trump also confirmed that steel and aluminum tariffs, set to take effect on April 2, will remain in place.

Meanwhile, internal divisions are growing in Germany. Lawmakers are criticizing the spending plans of incoming Chancellor Friedrich Merz. His proposal to co-finance defense and infrastructure projects has been deemed insufficient by the Green Party.

On the corporate front, the market is receiving support from mixed performances. Shares of Daimler Truck rose more than 3% following strong quarterly results and an optimistic outlook. Conversely, BMW shares fell 4% after reporting a 34% profit decline and a weak margin forecast for 2025, according to Trading Economics.

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