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FX.co ★ DAX Dips As Investors Weigh Trump's Re-election Odds

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typeContent_19130:::2024-07-16T09:55:00

DAX Dips As Investors Weigh Trump's Re-election Odds

German stocks declined in cautious trading on Tuesday following the attempted assassination of former President Donald Trump, which has heightened political uncertainty.

Economists have suggested that a Trump victory could lead to a 1 percent reduction in eurozone GDP, with Germany, Italy, and Finland being the most impacted.

The DAX index fell by 103 points, or 0.6 percent, settling at 18,487, following a previous session decline of 0.8 percent.

Nordex Group saw a minor increase after announcing the installation of the world's first N175/6.X turbine at the Burgerwindpark Janneby in Schleswig-Holstein, Germany.

Fashion house Hugo Boss plummeted by 9 percent. The company revised its full-year outlook downward after facing a challenging second quarter due to diminishing consumer demand in key markets such as China and the U.K.

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