FX.co ★ DAX Ends on Negative Note

On Wednesday, Frankfurt's DAX index declined by approximately 1.2%, closing at 22,839. This movement was consistent with declines observed across other major markets, as concerns rose over US tariff policies and their implications for global economic growth. Reports indicated that President Donald Trump might announce new trade measures imminently, potentially including tariffs on auto imports. Investors were already wary due to the looming uncertainty of tariffs set to be implemented on April 2. On a corporate level, pharmaceutical firms, technology sectors, and automotive stocks faced significant pressure. Notably, Porsche SE, the largest stakeholder in Volkswagen, saw a nearly 1% decrease in its stock value after revealing a €20 billion after-tax loss, despite unveiling plans to boost investments and diversify its portfolio.