Without economic reports from Europe, movement in the DAX were limited in yesterday’s trading. The index opened the week at 13256.45 and traded lower to close at 13,207.02.
MTU Aero Engines led gains as it closed 1.45% higher at 244.30. It was followed by Continental which was up by 1.40% at 124.70 then Volkswagen at 177.92 which was up 1.13%.
Market participants are awaiting updates on the decision by the Trump administration regarding auto tariffs. Earlier this year, US President Donald Trump announced that they plan on imposing a 25% levy on European-made cars sold in the US. The deadline for the decision was initially set last week, on November 14. Key officials like European Commission President Jean-Claude Juncker have said that the US will not make good on its threat. However, without any confirmation from the White House, it can still go either way.