It’s shaping up to be another ugly day for European stocks, especially for the DAX.
All the major indexes in the region are in the red, but the pain is most acute in Germany. It’s already the worst performer this week and in danger of crossing below its Feb. 9 low.
Autos are the biggest decliners on the Stoxx 600. The prospect of a global trade war may have at least an indirect effect on Germany’s export-driven economy. It’s the latest in a string of bad news for the DAX, which has also been hit this week by a court decision that could allow bans on diesel cars, and misses in economic data, including today’s retail sales.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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