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Rapid price action meets the DAX on the opening as drops below 22,500
The European stock markets have just reopened and it has been a very uncertain start to the day. That was always going to be the case given the latest tariff news and the price action across the futures. The DAX has just effectively reopened below the 22,600 handle and the price action is rapid and likely to remain that way as trading gets more fully underway. The prospect of more downside is clearly on the table, but let us not forget it has reopened significantly lower to start with. Shares in BMW and VW have been smacked lower on the opening, with both suffering more than 4% immediate falls. The DAX is now falling back to 22,500 in early trading
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