Frankfurt (DPA-AFX)-Correction of the courses on the Dax continues on Monday, after the recent threat of new customs duties emanating from the United States. Two hours and a half before the opening of the XXTRA session, the IG broker estimated the German reference index dropped from 0.7 % to 24,078 points. During the night, the Dax had reached a low point at 24,046 points.
US President Donald Trump now plans to impose, as of August 1, a customs right of 30 % on imports from the European Union. This announcement was made on Saturday. Certain sectors will however be subject to different rates. After weeks of negotiations, a quick agreement to appease the trade conflict was however expected. Despite this new climbing from Trump, the EU does not intend, for the time being, implement retaliatory measures.
Until last Thursday, investors had systematically ignored the risks linked to customs duties, powered the Dax to a new record at 24,639 points. Since mid-June, the index had thus straightened almost 7 %. Over the year, he had even garnered almost 24 % of gains, before profits took place recently.
