2025.04.0916:24:53UTC+00DAX End at Over 4-Month Low

The DAX index in Frankfurt concluded Wednesday's session at 19,671, marking a downturn of approximately 3%—its most significant low since late November. This decline reflects the broader negative sentiment seen across European markets. The situation was exacerbated by China's decision to impose tariffs of 84% on goods from the United States, further intensifying the trade tensions with President Donald Trump. Prior to this, investors were already reacting to the newly implemented US tariffs, including a 20% levy on European Union imports, which were enacted earlier in the day. In response, the EU has sanctioned its initial set of countermeasures against these US tariffs. Meanwhile, in Germany, a coalition agreement has been solidified between the CDU/CSU bloc and the SPD, resolving a prolonged period of political gridlock. The pact outlines strategies to manage irregular migration, enforce border controls, and significantly boost spending on military and infrastructure development. Merz expressed confidence that the coalition arrangement would gain approval from the respective parties, paving the way for the government to commence operations by early May.