Dax currently: Dax closes in the negative – chip stock continues negative trend
High oil prices, rising bond yields and geopolitical uncertainty have slowed the markets on Thursday. A strong Ifo business climate index could not convince investors.
The German stock market, measured by the Dax, fell 0.6 percent to 25,267 points on Thursday as investors exercised caution ahead of a meeting between Chinese President Xi Jinping and US President Donald Trump. The meeting, which marks Xi's first trip to the US in almost three years, comes amid heightened tensions between the two superpowers over trade and technology.
A state dinner is planned for the evening, which will be attended by CEOs of US companies including Apple, Nvidia, OpenAI, and JP Morgan. Trump and Xi expressed optimism about their relationship, with Trump saying they had built a "really great friendship" based on mutual respect.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
