DAXEUR

Germany's leading stock index DAX faced a severe wave of selling following Trump's tariffs, losing nearly 20% of its value in less than a week. The 20% tariffs imposed on the EU particularly impacted Germany's export-driven economy, shaking investor confidence. Deutsche Bank's statement that "the damage is undeniable, but the extent of the damage is still unclear" heightened concerns in the markets. However, in recent days, DAX has recorded daily increases of up to 2.9% with technical rebound buying, indicating that the market has turned from a point of "maximum uncertainty." While it is assessed that the automotive and industrial sectors are the most vulnerable to tariffs, defense companies and businesses focused on the domestic market appear to be more resilient. Nevertheless, European companies are expected to see a 2.2% decline in first-quarter profits. From a technical perspective, there are strong predictions that selling pressure on DAX, which is undergoing a correction in line with NASDAQ correlation, may continue.