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German car makers in the red sees DAX slip in early trading
The news yesterday; that the EU is to slap tariffs of between 17-38% on Chinese EV makers seemed to steady the recent falls in many leading EU car manufacturers at one stage. However, those stocks are in the red again at the start of trading today and that is weighing on the DAX somewhat in early trading. The index has edged off its opening levels and now it is a bit more in the red, as the DAX drifts back towards 18,575. The CAC 40 is a bit lower too and right now it is the FTSE 100 that is outperforming in relative terms in early trade.
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