FX.co ★ DAX at Near 2-Month Low

On the final trading day of March, Frankfurt's DAX index experienced a decline of over 1%, reaching near two-month lows at 22,200. This drop comes as global markets anticipate the implementation of the United States' upcoming "reciprocal duties," although crucial specifics remain undisclosed. Despite President Donald Trump's efforts to moderate expectations regarding this tariff initiative in the past week, he confirmed in an interview yesterday his commitment to impose tariffs on "essentially all" of the U.S.'s trading partners. The downturn affected all sectors, with significant losses in chemical companies, basic resources, technology firms, and banks. The automotive industry also faced substantial pressure. The index was poised for a monthly downturn of approximately 1.4% for March. Nonetheless, for the first quarter, the DAX is projected to achieve an increase of nearly 12%, primarily bolstered by Germany's substantial fiscal spending initiative.