German stocks are experiencing a slight uptick in early trading on Monday as investors carefully weigh the impact of newly announced U.S. tariffs by President Donald Trump, while also keeping an eye on corporate earnings reports. Over the weekend, Trump revealed plans to impose new 25% tariffs on all steel and aluminum imports, raising concerns about a potential global trade conflict and its effects on the world economy.
China's retaliatory tariffs on U.S. goods are set to take effect later today. In response, Trump indicated that he would unveil reciprocal tariffs on Tuesday or Wednesday that match the duties levied by these nations on American exports.
Investor sentiment is buoyed by the prospect of further monetary easing from the European Central Bank (ECB). Boris Vujcic, a member of the ECB's Governing Council, suggested that the expectation of three more rate cuts this year is plausible.
The DAX index was recently up by 53.08 points, or 0.24%, at 21,815.89. Among individual stocks, RWE and Vonovia have risen 1.3% and 1.2%, respectively. Volkswagen has gained nearly 1%, and Adidas has appreciated by 0.8%.
Other notable performers include E.ON, Fresenius Medical Care, Mercedes-Benz, Muench. Rueckversicherungs-Gesellschaft, Hannover Rueck SE, MTU Aero Engines, Deutsche Telekom, BMW, Deutsche Post, Allianz, and Fresenius, all advancing between 0.4% and 0.8%.
In contrast, Qiagen has dropped by 2.7%, Merck has fallen nearly 2%, and Infineon has decreased by about 1.1%. Henkel, Sartorius, Siemens Healthineers, and Zalando are experiencing slight declines.
Germany's 10-year bond yield stood at 2.381% recently, following a dip to 2.371% earlier in the day.
