FX.co ★ DAX Rises on Monday

The DAX index in Frankfurt surged by over 2% at the beginning of the trading session on Monday, reaching a level above 22,800. This rise was consistent with positive trends observed across European and global markets. The catalyst for this uptick was U.S. President Donald Trump's announcement of temporary tariff exemptions on a range of electronics, including smartphones and computers, which are largely imported from China. These products are thereby exempted from the existing 145% tariffs and the 10% baseline levies on Chinese imports. Despite this relief, the White House has cautioned that it might be temporary, with the possibility of new duties on tech imports on the horizon. In addition to these developments, investors are closely monitoring trade discussions between the EU and the U.S., as EU Trade Commissioner Maros Sefcovic is reportedly scheduled to engage with U.S. officials. Notable sectors experiencing gains include banking, technology, pharmaceuticals, and basic resources.