The DAX index in Frankfurt experienced a slight decline, falling below the 21,100 mark on Tuesday as European markets opened after the Easter break. This drop reflects a broader trend of losses across the continent. Investors are exercising caution due to persisting concerns around U.S. trade policy. Additionally, market sentiment is being dampened by the escalating tension between President Donald Trump and Federal Reserve Chair Jerome Powell. This conflict is reigniting fears of potential political interference in U.S. monetary policy.
Technology stocks faced challenges as investors anticipated the quarterly earnings report from SAP, which is expected later today. In early trading, SAP's shares fell by 3.2%, and Infineon Technologies saw a 2% decline. On the other hand, automobile stocks experienced an uptick, supported by ongoing optimism that President Trump may delay imposing auto tariffs. Volkswagen rose by 1.4%, with BMW, the Mercedes-Benz Group, and Porsche also showing positive gains.
