Background and Causes
The recent sell-off wave in the German stock market, particularly in the DAX, represents a dramatic development triggered by aggressive US tariff policy. This situation has significant impacts on stock prices and is of high relevance for private investors.
The US government under Donald Trump has introduced a comprehensive tariff package against the rest of the world, leading to heightened trade tensions. These measures have caused a decline in stock markets worldwide, as investors fear a global recession.
Impact on the DAX
The DAX, the leading German stock index, has suffered significant losses in recent days. Initial losses of about 10% were reduced to around 6%; however, the situation remains tense. The DAX has lost all of its annual gains of about 18% in just a few days and has fallen below the important 200-day line, which is concerning from a technical perspective.
Expert Opinions
Andreas Lipkow, a financial market expert, emphasizes that selling pressure has increased massively, and the long-term economic consequences of the new US tariff policy are difficult to assess.
Jürgen Molnar, capital market strategist at RoboMarkets, sees the DAX in a negative mood. He mentions that large fund managers are restructuring their portfolios in anticipation of a possible global recession.
Maximilian Wienke, market analyst at eToro, highlights that the new US tariffs overshadow everything else in the markets. Still, there are new incentives coming from upcoming US inflation data and the start of the US earnings season.
Forecasts and Perspectives
The experts agree that the situation remains tense, but there are also opportunities for a short-term recovery. Andreas Büchler and Franz-Georg Wenner from Index Radar see an oversold situation that could potentially lead to a technical rebound. Christoph Geyer, a technical market analyst, expects a counter-movement to recent price losses, which should be accompanied by high volumes to be sustainable.
Overall, the situation in the stock market remains volatile, and private investors should prepare for possible further market movements.