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DAX wastes little time in handing back opening gains
The DAX did reopen slightly higher today. The index restarted live trade at 21,474, which was some 46 points above where it closed yesterday, at 21,428. However, that opening level was the top of the shop so far and since then it has fallen back below 21,400. That is not exactly a surprise though and as mentioned here earlier, the markets are braced for what is coming next from Trump wen it comes to a potential set of trade tariffs on the EU. To be honest it would seem crazy to expect Trump to give the EU a pass right now, but at the same time, not beyond the bounds of expectation. In the absence of any certainty it makes sense for the markets to use the rally to get out of risk, especially given that Trump has not handed a pass to the Chinese. So, the DAX is now lower, currently trading at 21,360
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