(8 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Frankfurt, Germany – 8 April 2025
1. Top shot of trading floor, camera tilt down
2. Trading floor
3. Trader
4. DAX index curve
5. Set up shot Arthur Brunner, Director Market Making Bonds at ICF Bank
6. SOUNDBITE (German) Arthur Brunner, Director Market Making Bonds at ICF Bank:
"You can’t speak of relief yet. It’s more of a breather. People are looking with excitement to the US, where another conflict with China is imminent. It could still escalate further with the tariffs and so people are glad that they can take a breather at the moment after the turbulence of the last few days."
7. DAX index
8. Various of traders
9. SOUNDBITE (German) Arthur Brunner, Director Market Making Bonds at ICF Bank:
"I don’t think there will be any winners from a further escalation (note: refers to USA and China in particular), only losers. And of course people here are afraid that a further escalation could lead to a recession. And the markets are very cautious. We saw yesterday with some fake news how nervously the markets are reacting."
10. Traders
11. Deutsche Börse banner/sign
12. SOUNDBITE (German) Arthur Brunner, Director Market Making Bonds at ICF Bank:
"It’s going to be tit-for-tat. If the US imposes punitive tariffs of another 54 percent on China, China will react in the same way. There will be no winners in this battle. But it feels like being in a sandbox. Unfortunately, the matter is far too serious."
13. First DAX index of Tuesday
STORYLINE:
World shares and U.S. futures advanced Tuesday, led by gains in Tokyo where the Nikkei 225 shot up just over 6% as markets calmed somewhat after the shocks from President Donald Trump ’s tariff hikes.
The modest rebound for most markets followed a wild day on Wall Street, where stocks careened after Trump threatened to crank his double-digit tariffs higher..
Germany’s DAX gained 0.9% to 19,975.81 while the CAC 40 in Paris was up 1.3% at 7,018.79.
Britain’s FTSE 100 also picked up 1.3%, to 7,804.73.
The future for the S&P 500 gained 1.5% early Tuesday while that for the Dow Jones Industrial Average was up 1.9%.
In Tokyo, the Nikkei 225 closed a smidgen over 6% higher, at 33,012.58.
Arthur Brunner, Director Market Making Bonds at ICF Bank said the situation remained volatile.
"It’s going to be tit-for-tat. If the US imposes punitive tariffs of another 54 percent on China, China will react in the same way. There will be no winners in this battle. But it feels like being in a sandbox. Unfortunately, the matter is far too serious."
Early Tuesday, China’s Commerce Ministry said it would “fight to the end” and take unspecified countermeasures against the United States after Trump threatened another 50% tariff on Chinese imports.
AP video shot by: Daniel Niemann
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