The DAX started the shortened Holy Week with a strong increase of 2.9%. This positive development is attributed to a de-escalation in the global customs dispute, after the U.S. government under President Donald Trump temporarily suspended tariffs on certain electronic products such as smartphones. This measure has caused a preliminary relief among investors, as the looming counter-tariffs from the European Union have been postponed for now.
Background and Impacts
- Customs Dispute and Market Development: The ongoing customs dispute between the U.S. and other nations, primarily China, had worsened the global economic situation. However, the recent easing led to brighter market conditions, reflected in the DAX’s gains.
- Investor Expectations: The joy over the short-term easing is marred by ongoing uncertainty. Investors expect an economic slowdown, which might lead to interest rate cuts by the European Central Bank.
- Corporate Performances: Investors are increasingly focusing on upcoming corporate earnings. Key players such as Beiersdorf and Sartorius, as well as international companies like Goldman Sachs and Netflix, will soon present their financial results.
Current Market Situation
- DAX Performance: The DAX continued its gains on April 15, rising by 0.8% to 21,116 points, while the MDax also increased to 27,058 points.
- ZEW Index: Experts nevertheless expect a decline in the ZEW Index in April, indicating decreasing economic expectations.
- Euro/Dollar Exchange Rate: The Euro was quoted 0.2% weaker on the same day at 1.1331 dollars.
Importance for Private Investors and Savers
The uncertainties in the global customs dispute and the political maneuvers in the U.S. complicate long-term decisions for private investors and savers. Many therefore prefer a wait-and-see approach. In such uncertain times, it is crucial to minimize investment risk through diversification and to focus on stable investment forms.
In summary, the strong DAX start, despite global uncertainties, shows a short-term stabilization of the market. Private investors should remain vigilant about upcoming economic developments and central bank decisions.