DAX starts weakly in turbulent week – tariff increases weigh on!

DAX starts weakly in turbulent week – tariff increases weigh on!

On Monday, June 2, 2025, the DAX starts the new week with slight losses and is still trading near the important 24,000 point mark. On Friday, the DAX closed at 23,997.48 points, which keeps it just below the psychologically significant limit. Looking back, the index reached a record high of 24,325.97 points on May 28, 2025.

The uncertainty on the markets remains noticeable due to the current customs issues. US President Donald Trump announced a drastic increase in tariffs on steel imports from 25% to 50%, which was sharply criticized by the EU and could trigger possible reactions from European countries before the summer. This comes against the backdrop of talks between representatives of Ukraine and Russia taking place in Istanbul on Monday at 12:00 CEST.

Customs policy challenges

US customs policy is in the focus of investors, especially since an international trade court in New York declared almost all of the tariffs ordered by Trump to be unlawful. However, an appeals court temporarily reinstated these measures, adding to market uncertainty. However, investors are calm; The price fluctuations are more moderate than after the first tariff shock in April. Market participants' assessment suggests that the situation is not triggering the same panic-selling reactions as before.

Another important point is the upcoming key interest rate decision by the European Central Bank (ECB) on Thursday. Economic uncertainties caused by US tariff policy are weighing on global economic growth. Nevertheless, German consumer prices in May show that inflation is within the ECB's target range, which could potentially lead to a cut in the key interest rate by 0.25 percentage points.

Inflation and economic outlook

Eurozone inflation was 2.2% in April, with May figures due to be released on Tuesday. The forecasts suggest that inflationary pressure in the Eurozone will ease more quickly than initially expected. Factors such as a strengthening euro and falling oil prices contribute to this development.

In summary, the coming days will be crucial. The markets' reactions to political developments and upcoming monetary policy decisions are being closely monitored. Long-term investors should be aware of the risks associated with purchasing securities as new challenges continue to emerge in international trade relations, which also make the upcoming DAX records appear questionable.

For more information on these topics, offers finance.net detailed insights and analysis while boersennews.de provides a comprehensive weekly outlook.