BREAKING: DAX slumps as US-China tensions rise

DAX opened with a big bearish price gap after a long weekend (German stock market was closed on Friday). The index is reacting to comments from Mike Pompeo and Donald Trump that hinted on a rise in the US-China tensions. The index dropped 2.6% at launch of European cash session to around 10,580 pts. US futures and other stock markets in Europe trade lower too.

DE30 dropped hard at the beginning of a new week (orange circle). However, index managed to recover a bulk of a loss during the Asian session. Source: xStation5

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