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tz-plus logo Renewed Escalation in the Trade Dispute With the U.S. Leads to Significant Declines at the Beginning of the Week - Renk Shows Strong Performance After Analyst Support - Kraft Heinz Shows Significant Gains Post Spin-off Plans!

M. Springman
Reading Time: 7 minutes

After initially starting the trade with significant losses of nearly -1% , the German benchmark index DAX has somewhat recovered and can currently reduce its losses to -0.67 %. After U.S. President Donald Trump unexpectedly announced a 30% tariff on goods imported from the EU over the weekend, the escalating trade dispute is again creating uncertainty on the trading floor. Especially cyclical stocks like the chemical trader Brenntag (-2.3%) are showing a noticeable weakness after Brenntag revised its annual forecast downwards on Friday evening....

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