General market situation:
European stocks are extending their declines, which began after the announcement of tariff changes on car imports to the US. Investors are now anxiously awaiting April 2, which is expected to bring further tariff changes.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appWednesday is to be the so-called "Liberation Day in America", which President Trump has been talking about for weeks and on which he intends to announce a package of large-scale tariff changes. The announced changes in car tariffs may therefore be just a foretaste of further modifications. Some even believe that this day may go down in history as the moment that marks the end of an era lasting since World War II: the era of largely liberal global trade.
The German DAX is currently losing 1.9%, while the French CAC40 is down 1.80%. The Polish market is doing poorly, with declines reaching 2.1%. The most important macroeconomic data for today are the German CPI data, which will be published in 15 minutes.
Distribution of today's rates of return for European companies. Source: xStation
The German DE40 index is losing 1.90% today intraday and is testing a key technical support point, set by the 50-day EMA (blue line on the chart) and the local minimum of consolidation from the turn of February and March. The key element in analyzing further potential index behavior may be the closing element of today's session and whether it will run below/above the previously mentioned support zone. Source: xStation
News:
For the markets, the main topic driving market volatility is still the tariffs imposed on the automotive sector. Although specific information on this topic appeared last week, it is still this sector that weighs the most on European stock exchanges.
UniCredit (UCG.IT), the second largest bank in Italy, has received approval from the European Central Bank for an offer to buy smaller rival Banco BPM (BAMI.IT) for EUR 14 billion.
German company DHL (DHL.DE) is acquiring US logistics company Cryopdp.
RWE (RWE.DE) is selling minority stakes in German and Danish offshore wind farms for €1.4 billion. The company’s shares are currently down 0.5% amid a broad-market sell-off.
More news from DAX companies. Source: Bloomberg Financial LP
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
