DAX 40 Holds Steady Amid US Tariff Speculations

The DAX remains muted above 24,000 as trade negotiations between the US and its main partners continue. Trump announced tariffs on Japan and South Korea, excluding Canada, Mexico, the EU, and China from the list. German exports fell due to weak US demand. GBP/USD is rising towards 1.3650 on USD weakness. The pound’s gains may be limited due to UK fiscal issues. The UK is expected to cut rates by 25 basis points in the August meeting. GBP/USD trades in a rising channel, facing resistance at 1.3790. Support is at 1.36 and 1.3450.

Read more at Investing.com: DAX 40 Remains Steady as Markets Speculate EU’s Status in Ongoing US Tariff Talk