FX.co ★ Auto Tariff Relief Lifts DAX

On Tuesday, Frankfurt's DAX index advanced by approximately 1%, reaching around 21,160 and marking the second consecutive day of gains. This upward movement came as investors assessed recent developments related to tariffs alongside a deluge of corporate earnings reports. In the latest development of Trump's unpredictable trade policy, he hinted at possible modifications to the 25% tariffs imposed on foreign automotive imports, including vehicles and parts from nations like Mexico and Canada. This announcement followed a recent decision to exempt certain electronic products from tariffs, suggesting a further easing from the comprehensive measures announced earlier this month. Consequently, shares of leading German automakers such as Porsche AG, Daimler Truck, Porsche SE, Volkswagen, Mercedes-Benz, BMW, and Continental appreciated between 1.4% and 3.3%. In addition, Beiersdorf, the consumer goods conglomerate, saw its shares rise by over 2% following the report of a 3.6% increase in organic sales to €2.69 billion ($3.05 billion), surpassing analysts' predictions of €2.65 billion.