FX.co ★ DAX on Cautious Note

The DAX in Frankfurt experienced a slight decline around the 23,090 mark on Wednesday, after a previous day's rise, reflecting the cautious atmosphere prevailing in European markets. Investors are maintaining a watchful stance ahead of the anticipated imposition of reciprocal tariffs, set to commence on April 2. The Financial Times reports that President Trump is contemplating a two-phase strategy, entailing high tariffs but potentially offering exemptions for certain nations. Concurrently, focus remained on the UK's Spring Statement and various geopolitical developments. In corporate news, pharmaceutical and automotive sectors faced pressure. Porsche SE, the principal shareholder of Volkswagen, saw nearly a 1% drop following a report of a €20 billion after-tax loss, despite its announcement of plans to increase investments and diversify its portfolio. Conversely, Siemens Energy, Rheinmetall, and RWE emerged as gainers, with their stocks advancing between 1% and 3%.