Dax investors have largely shrugged off the latest tariff announcements from U.S. President Donald Trump.
The German benchmark index rose by 0.3 percent to 24,138 points at Tuesday's opening. "The effective date of August 1 still leaves room for negotiations," commented Thomas Altmann, portfolio manager at asset manager QC Partners, regarding the previous day's decision to postpone the tariff deadline. "This keeps a back door open to potentially avoid the tariffs altogether." Optimism for a resolution continues to dominate sentiment in the EU as well.
Among individual stocks, Daimler Truck benefited from a multi-billion euro share buyback program. Shares of the truck manufacturer climbed around one percent. On Monday evening, the company announced plans to repurchase its own shares worth up to two billion euros over a period of up to two years, starting in the second half of the year. "This is certainly positive, but some investors had actually hoped for an even larger buyback," said one trader.
(Report by Stefanie Geiger, edited by Ralf Banser. For inquiries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets))
