Background of the Tariff Suspension
On April 10, 2025, the DAX experienced an impressive surge, triggered by the surprising decision of U.S. President Donald Trump to temporarily suspend special tariffs for numerous countries. This measure led to a global stock market recovery, impacting not only the DAX but also other major indices like the Dow Jones, S&P 500, and Nasdaq.
Trump had previously implemented a tough tariff policy that resulted in significant market volatility. The sudden turnaround, which provides for a 90-day pause on tariffs for many countries, was seen as an opportunity for negotiations. However, tariffs on Chinese imports remain in place, further maintaining tensions between the U.S. and China.
Effects on the DAX
The DAX opened strongly on Thursday with a significant jump, reaching an increase of about 8.2% to 21,291.15 points throughout the day. This recovery was amplified by positive signals from the U.S., where the Dow Jones surged by 7.9% and the S&P 500 by 9.5%. Individual stocks such as Infineon, which operates in the semiconductor sector, saw double-digit gains.
Technical Analysis
In the days leading up to the tariff suspension, the DAX opened weakly and fluctuated within a daily range of 19,384 to 20,025 points. Following the announcement of the tariff pause, analysts anticipated a strong wave of recovery that could lead the index above the important 200-day moving average. The next resistances are at 20,800-21,070 points, while supports exist at 20,025, 19,599, and 19,384 points.
Global Market Reactions
The global stock market reaction was predominantly positive. The Nikkei index in Tokyo rose by about 8.6%, while stocks in South Korea increased by 5.7%. In China and Hong Kong, the gains were more moderate due to the increased tariffs on Chinese imports. Oil prices also surged, indicating increased demand and uncertainties in the energy sector.
Outlook and Challenges
Despite the current recovery, uncertainty remains as tariffs could be reintroduced in 90 days. This may prevent companies from making long-term plans. Additionally, tensions with China are escalating, straining trade relationships. Investors need to prepare for a more volatile market environment and keep an eye on further developments.
Conclusion
The provisional suspension of U.S. tariffs has significantly impacted the DAX and other global markets. While the short-term effects are positive, long-term uncertainty persists. Investors should focus on potential further negotiations and their outcomes to adjust their investment strategies accordingly.