On Monday, the DAX experienced a reversal from its initial gains, concluding slightly lower at 22,853. Investors analyzed new data on business activity from key European economies while keeping a close eye on developments concerning US trade tariffs. Reports in the media indicated that the forthcoming US tariffs may be more focused and less punitive than previously anticipated. Despite this, President Donald Trump declared today his intention to soon enforce duties on automobiles, aluminum, and pharmaceuticals.
In terms of economic data, Germany's private sector reported its most rapid expansion in business activity for ten months in March, propelled by the first upturn in manufacturing output in nearly two years. In the stock market, Bayer suffered the most significant decline, plummeting approximately 6.9% after a Georgia jury ruled the company must pay nearly $2.1 billion due to issues related to its Roundup weed killer. Beiersdorf and Vonovia also endured notable setbacks. On the upside, Infineon Technologies and Deutsche Bank were the leading performers with increases of 3.3% and 2.6%, respectively.
