DAX up slightly, cautious trading due to new tariffs worry

From Nasdaq: 2025-01-23 05:19:11

German stocks are subdued as worries about potential new tariffs by the Trump administration weigh on investor sentiment. Investors are awaiting U.S. President Donald Trump’s address at the World Economic Forum in Davos for direction. The DAX is up 0.18% at 21,296.09. Puma shares are down over 17% after announcing a cost-cutting program due to a decline in operational profit. Puma reported a sales growth of 9.8% in Q4 2024 and 4.4% on a full-year basis. Various stocks like Qiagen, Porsche, HeidelbergCement, and Beiersdorf are lower, while Rheinmetall and Fresenius Medical Care are rising. Other stocks are up 0.5 to 1.6%.



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