FX.co ★ DAX Cautiously Higher

The DAX index in Frankfurt experienced a slight uptick, reaching approximately 23,800 on Tuesday afternoon. Nonetheless, investor sentiment remained cautious due to recent tariff threats by President Trump, coupled with concerns over a potential US government shutdown. On Monday, President Donald Trump announced plans to implement "substantial tariffs on any country that does not manufacture its furniture in the United States." Specifically, imported lumber, kitchen furniture, and bathroom furniture composed of wood are slated to incur tariffs of 10% and 25%, starting October 14, with further tariffs anticipated on January 1 if no agreement is reached. Domestically, Germany's inflation rate accelerated more than anticipated, rising to 2.4% in September from 2.2% in August, based on preliminary data.