0652 GMT - Germany's DAX is set to start the week with significant gains after news that U.S. President Trump will delay tariffs on the European Union until July 9, CMC Capital Markets' Jochen Stanzl says in a market comment. "The stock market seems to dance to Trump's tune: first a threat, then a pullback, quickly followed by a rebound as speculative investors anticipate a concession from the U.S. President," Stanzl says. Trump's latest moves suggest June is likely to be a turbulent month for the stock market, as the U.S. will be negotiating agreements with trade partners worldwide, Stanzl says. The DAX's upward trend remains intact despite uncertainties, but the 24,000-point mark represents a significant hurdle in the near term, he says. The DAX closed 1.5% lower at 23629.58 on Friday. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
May 26, 2025 02:52 ET (06:52 GMT)
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