DAX futures slip after VW misses the mark

The latest German retail sales numbers have just hit thew wires. The markets were expecting sales to have fallen by around 0.4% in March after a lower revised gain of 0.3% in February. They have actually fallen by 0.2%. Not as bad as forecast, but no great shakes either. The Q1 results from the German automative giant, VW have just been released and they have missed on market estimates. Poor as they were, it is unlikely the markets are exactly astounded by that. At the same time, if they are that bad now, how much worse might they get when those US car tariffs really start to kick in? It is worth noting that VW now has an operating margin of just 3.7% following their Q1 results. So, whilst the German sales data might have been marginally encouraging, the earnings report from VW has seemingly countered that and hence the DAX futures are now edging lower. The DAX was priced to open close to, or above  22,500 earlier, it its right now pricing that closer to 22,450