Dax with a slide: the new US tariffs against China weigh on the stock markets

11.07.2018

Stock exchange
Dax Dives – The new US tariffs against China

Donald Trump begins the tariff dispute with China. In Asia, the stock markets plunge, the Dax also gives way significantly. Fears of a trade war also cause the fall in oil prices.

The United States provides new tariffs in the trade dispute, which puts investors on the German stock market. The Dax stock chart was down 1.3% Wednesday at 12.450 points. On Tuesday, it closed up 0.5% at just 12,610 points. The small-cap indices MDax and TecDax have also slipped into the red

Early in the morning, it became known that the United States had submitted another punitive tariff list possible on Chinese goods of $ 200 billion . The Beijing government has announced countermeasures in case of new tariffs coming into force.

Investors reacted nervously on the Asian stock markets: on the China Stock Exchange, the Shanghai Composite and Shanghai indices, 6 percent down. In Tokyo, the Nikkei stock chart fell 1.2%.

NATO Summit: Trump mobs Germany

The US President's trip to Europe also causes unrest. At the beginning of the NATO summit, the US president mumbled and called Germany "prisoner of Russia". The military budget dispute should overshadow Trump's meeting with his allies. "First, the US president was considered fickle, and then they hoped his advisers would slow him down, and now they're expecting the worst every time," said Jochen Stanzl, broker market badyst. line CMC Markets

. Company calendars remain relatively empty. On the side of the central bank, the focus will be on a conference of the European Central Bank in Frankfurt

. The Dow Jones stock market index closed up 0.6% to 24,919 points. The S & P 500 index rose 0.3%. The Nasdaq Stock Composite graph, however, showed little change.

To worry about trade wars weighs on oil prices

Oil prices fell on Wednesday because of new worries about the escalating trade dispute between the United States and China. A barrel of (159 liters) North Sea Brent stock market card for delivery in September cost $ 78.33 in the morning, 53 cents lower than the day before. The price of a barrel of West Texas Intermediate (WTI) to be delivered in August fell 37 cents to $ 73.74

Fears of a trade war have generally depressed commodity markets in mid-week and also oil prices dragged down, he was told by market watchers. The current trade dispute between the United States and China could weigh on the global economy as a whole and thus slow down the demand for crude oil, said badyst Peter O. Connor of the US-based company. Australian council Shaw and Partners.
The euro returns after

The price of the stock market chart of the euro fell slightly on Wednesday. In the morning, the common currency was trading at $ 1.1725, slightly down from the previous day. The European Central Bank (ECB) last set the benchmark rate at $ 1.1713 Tuesday afternoon

A new tightening of the US-China trade dispute has not caused price movements on the currency market for the moment. The Japanese yen, traditionally a refuge for investors and a measure of the nervousness of the markets, has hardly changed in the morning

rei / la with the press agencies