The DAX saw little movement around 23,900 on Tuesday, with other European indexes showing mixed performance, as uncertainty about US tariffs kept investor sentiment fragile. The European Union is reportedly open to a US trade deal that involves a uniform 10% tariff on many of its exports—provided that critical sectors such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft are exempted. The EU’s trade chief is set to hold negotiations in Washington this week, hoping to move negotiations forward. Meanwhile, the ECB’s annual forum kicks off today in Sintra, drawing investor attention as central bankers prepare to share insights on policy and the economic outlook. On the data front, German labor market data and Eurozone inflation figures will be closely watched. Auto stocks came under selling pressure, with Porsche and Mercedes-Benz Group each falling over 2%, while BMW and Volkswagen also posted losses. Conversely, Adidas and Commerzbank led the gains, both up 1.6%.
