Market report: Disillusionment within the customs dispute | tagesschau.de | EUROtoday

After yesterday’s leap within the DAX, traders are far much less euphoric right now. Because the progress within the international customs dispute stays unclear. Even a surprisingly robust Ifo index doesn’t assist.

Anyone who has hoped for additional progress within the customs dispute with the USA has been disillusioned to date. However, the DAX has now virtually fully caught up once more and is now barely was the plus with a sturdy Wall Street begin within the again. The index thus claims its additional elevated degree. The MDAX of medium -sized firms is best, it wins round 0.6 p.c.

Yesterday, the German main index closed 3.1 p.c larger at 21,961 factors after the hope of enjoyable within the customs dispute between the USA and China lured traders again into the inventory market.

In the previous few days, the DAX had recovered vigorously, in order that consolidation is mostly not shocking. First of all, it should be acknowledged that the DAX totally caught up with the immense worth losses of 4 and seven April (over 3,200 factors) inside a very good two weeks, the market observers from HSBC write of their every day remark. “Since then it has been almost 19 percent.” At round 22,200 factors, the chart technicians see an essential resistance on the way in which to larger chart zones.

However, the entire problem that has dominated stays the state of affairs within the customs dispute between the USA and the remainder of the world, which remains to be unclear. China rejected a illustration of US President Donald Trump, in keeping with which each side have been in direct contact within the commerce dispute.

Previously, statements by the US authorities had already subdued hopes for an early settlement. According to his finance minister Scott Bessent, Trump didn’t make a one -sided supply within the customs dispute.

Meanwhile, the manager Federal Finance Minister Jörg Kukies (SPD) hopes for a “positive dynamic”. Kukies mentioned in Washington right now that decrease tariffs between the 2 largest economies USA and China would make issues simpler for all different buying and selling companions.

Kukies commented on the sidelines of the spring convention of the International Monetary Fund (IMF) and the World Bank. At the assembly, the United States “made it clear that there is still a lot of interest in an agreement,” mentioned the finance minister.

Nevertheless, the temper within the German financial system surprisingly improved regardless of the uncertainties due to the US customs coverage. In April, the IFO enterprise local weather unexpectedly rose by 0.2 factors to 86.9 factors, because the IFO Institute in Munich introduced.

“A little light at the end of the tunnel,” commented analyst Elmar Völker from Landesbank Baden-Württemberg, commenting on the results of the ifo survey. However, there is no such thing as a cause to fall into jubilation. Apparently, the businesses believed that they have been in a position to adapt to the brand new circumstances within the international financial system, mentioned chief economist Ulrich Kater from Dekabank. “Hopes rest in particular on the European internal market and on other large economic regions outside the United States.”

Despite weaker pre-exchanging indications, the massive US inventory indices often enhance. The main index Dow Jones wrestles with its remaining rating, however on the Nasdaq and the market -wide S&P 500 it goes uphill between 0.7 and 1.3 p.c.

In addition to the customs disputes, the present reporting season is at the moment the main target of traders. Quarter figures present a blended image. The semiconductor group Texas devices convinces traders, the papers enhance considerably.

For IBM it went downhill. CEO Arvind Krishna fears that President Trump’s “America First” coverage may hurt US firms internationally. “If the perception prevails that American companies only do what is good for the country of America, it will trigger a problem,” mentioned Krishna to the US financial station CNBC. Today, after the US alternate, the know-how teams Intel and Alphabet will current their steadiness sheet.

The course of the euro is rising once more after two weaker days. $ 1.1376 are at the moment paid, a rise of a very good half p.c to the greenback. The international alternate market exhibits doubts about sustainable restoration of the greenback. The worth recreation of the greenback previously two buying and selling days appears to be stopped in the meanwhile and doesn’t put the euro beneath strain.

Trump’s newest statements “only reduced the risks of the US dollar from the perspective of most market participants,” mentioned international alternate professional Thu Lan Nguyen from Commerzbank. She identified that many traders are at the moment defending themselves towards an additional crash of the greenback.

For the US automobile maker Tesla, the EU automobile market continues to go downhill. In the primary quarter of 2025, in keeping with the European producer Association ACEA, admission figures decreased by 45 p.c in comparison with the identical interval final yr. This continues the unfavorable development for the corporate of US billionaire Elon Musk, however a bit slower than initially of the yr. Between January and February, admission figures decreased by 49 p.c in comparison with the identical interval final yr.

The Volkswagen Group had a slight plus of just about 5 p.c. The BMW group hardly moved with a rise of 0.4 p.c, and Mercedes-Benz needed to settle for a decline of 6.2 p.c.

Overall, the variety of admission for brand new automobiles within the EU decreased by 1.9 p.c within the first quarter, however pure electrical automobiles have a rise of 23.9 p.c. You have a market share of 15.2 p.c.

The sporting items group Adidas grew strongly firstly of the yr. In the primary quarter in comparison with the identical interval, gross sales elevated by virtually 700 million to six.15 billion euros within the first quarter. This corresponds to a forex -adjusted development of 13 p.c. Without the gross sales of Yeezy merchandise within the earlier yr, the expansion of forex is 17 p.c. The cause is a double -digit development in all markets and all gross sales channels. The working consequence rose from 336 to 610 million euros.

The latest properly -run shareholders from Delivery Hero fluctuate strongly and fall by 1.4 p.c within the afternoon within the MDAX. The meals supply service began the brand new yr with additional development. Analyst Marcus Diebel from the US financial institution JPmorgan spoke of a complete of surprisingly good gross sales growth. Negatively, nonetheless, he emphasised the somewhat weak enterprise in Asia. The enterprise there’ll return to the expansion path in the midst of this yr, predicted Delivery-Hero-Finanz boss Marie-Anne Popp.

The Swiss meals big Nestle began the brand new yr with a slight development. In the primary quarter of 2025, the gross sales of the producer of Nespresso, Maggi and Kitkat rose by 2.3 p.c to CHF 22.6 billion. Drivers have been primarily worth will increase, with which the corporate tried to compensate for considerably elevated buying prices after the costs for 2 of crucial uncooked supplies, espresso and cocoa, had climbed at a report degree.