Trade conflict leads to significant declines in the DAX - Continental under pressure after Michelin profit warning - Siemens downgrades by Morgan Stanley with losses - Ericsson gains double digits after strong outlook and Vodafone alliance - T-Mobile US under focus after RBC upgrade!

The DAX is under increased pressure on Tuesday due to the escalating trade conflict between China and the USA. After a weak opening, the DAX had to extend its losses and is trading at midday down by -0.99% . One of the biggest losers in the market is currently Continental (-3.88%) , after the French competitor Michelin (-9.16%) cut its annual forecast following poor performance in North America. BASF (-1.75%) is also showing sharper declines after being downgraded by Berenberg Bank to "Sell", while Siemens (-3.62%) is down nearly 3% following...