The DAX Index Boosted, Market Unbothered By Trump’s Tariffs

Forex News

DAX has risen 0.44% to 12,400.00. Last week, the index sparkled with an impressive gain of 4.4%. European stocks were a little pressured as Donald Trump decided to impose steel and aluminum tariffs, drawing concerns about potential trade war. But, the sentiment is much more cheerful now. No important data is scheduled for today.

At its recent meeting, European Central Bank was a little more hawkish than usually. At first, euro surged, but then reversed as Mario Draghi expressed his worries about weak inflation. Growth projections, on the other hand, were improved. Lowering of the asset purchase program will still be going on a EUR 30 billion pace.