FX.co ★ DAX on Cautious Trading, Set for Monthly Drop

On Tuesday, the DAX index in Frankfurt experienced a slight decline of approximately 0.2%, settling at around 23,710. This shift was in harmony with broader movements in the European markets, spurred by apprehensions regarding potential tariff impositions from then-President Donald Trump and the looming threat of a U.S. government shutdown. Specifically, imported lumber and wooden kitchen and bathroom furniture are set to be taxed at rates of 10% and 25% starting October 14. These rates are poised for further increases on January 1 if no agreement is forged. Domestically, German retail sales showed an unexpected decrease in August, marking a second consecutive month of downturn. Throughout September, the DAX has so far declined by about 1.4%, and for the third quarter, it registered a drop of 0.8%.