(9 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Frankfurt, Germany – 9 April 2025
1. Various of Frankfurt Stock Exchange trading floor and traders working
2. SOUNDBITE (German) Tim Oechsner, capital markets expert at Steubing AG:
"The turbulence on the stock market continues. After gaining almost 2.5% yesterday, we saw a corresponding setback this morning. We had used up the entire annual gain of around 17% on Thursday, Friday and Monday. Yesterday there was a small recovery, and today there are setbacks again. Corresponding volatility remains high on the stock markets."
3. Various of Frankfurt Stock Exchange trading floor, with traders
4. SOUNDBITE (German) Tim Oechsner, capital markets expert at Steubing AG:
"The main risk factor on the stock market at the moment is of course the trade war between China and the US. Of course, if there is a de-escalation, the turbulence on the stock markets could be reduced accordingly. The EU is also preparing appropriate countermeasures. However, the EU has a relatively cool head and is also taking its time with the countermeasures. In this respect, no further escalation can be seen between the EU and the U.S. at the moment, while China and the U.S. are continuing to escalate with counter-tariffs, so to speak, and are forcing a further escalation of the trade war."
5. Various of Frankfurt Stock Exchange trading floor, with traders
STORYLINE:
European shares slid on Wednesday, with Germany’s leading DAX index losing 2.51% to 19,770.60 points in the first few minutes of trading, as markets respond to the launch of the latest set of U.S. tariffs.
Markets have been wobbly for days, with investors flummoxed over what to make of President Donald Trump’s trade war.
Stocks had rallied globally on Tuesday, with indexes up 6% in Tokyo, 2.5% in Paris and 1.6% in Shanghai.
Any optimism or buying enthusiasm appeared to have dissipated by the time the sharply higher tariffs became reality.
"Yesterday there was a small recovery, and today there are setbacks again," said Tim Oechsner, capital markets expert at Steubing AG. "Corresponding volatility remains high on the stock markets."
Analysts have been warning to expect more swings up and down in markets given the uncertainty over how long Trump will keep the stiff tariffs on imports.
"If there is a de-escalation, the turbulence on the stock markets could be reduced accordingly," Oechsner said.
China has responded to President Trump’s measures by announced retaliatory tariffs, whilst the European Union is remaining "relatively cool headed" as it considers countermeasures, according to Oechsner.
"In this respect, no further escalation can be seen between the EU and the US at the moment, while China and the US are continuing to escalate with counter-tariffs, so to speak, and are forcing a further escalation of the trade war," he added.
AP video shot by: Daniel Niemann
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