The DAX 40 experienced a slight decrease, continuing a four-day losing streak amidst anxieties regarding a possible trade conflict between the US and Europe. Investors were hesitant, awaiting US President Trump’s address at the World Economic Forum in Davos, due to revived uncertainty surrounding potential tariff impositions.
- The DAX 40 fell 0.2% to 24,600.
- Traders are concerned about a potential trade war between the US and Europe.
- Caution is high before President Trump’s speech at the World Economic Forum in Davos.
- Banks and financials were among the biggest losers, with Deutsche Bank and Commerzbank declining.
- Allianz also faced downward pressure.
- Bayer and Siemens Energy were also top decliners.
- Qiagen NV rose 4% due to takeover interest reports.
The market sentiment surrounding this asset appears fragile. Concerns about international trade relations and upcoming economic announcements are weighing on investor confidence. Sector-specific issues, such as potential acquisitions in the healthcare sector, provide isolated instances of positive movement but are not enough to offset the broader downward trend driven by macroeconomic anxieties and sector declines in banking, finance, and energy.