DAX Recovers Some of Yesterday’s Losses Due to Fed Minutes as Trade Tensions Ease
FOMC minutes indicated a more cautious approach from the Fed going forward. Trade tariff woes ease as the EU trade chief opens to talks.
- FOMC minutes reveal Fed may take longer to lower rates.
- The EU trade chief opens up to talks on tariffs
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, FSC, ASIC, CySEC, DFSA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | BVI FSC | USD 1 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
The DAX is up 0.50% this morning after losing 1.96% yesterday. FOMC meeting minutes revealed a more hawkish stance from the Fed. Trump trade tariff threats are seen by many as a negotiating tactic.
FOMC Minutes Knocked DAX
The minutes showed that some Fed officials raised concerns about continuing to unwind the balance sheet. The main preoccupation is how the Treasury plans to handle cash and bond issuance.
The officials were concerned that it was not possible to determine if the market would have too little or sufficient liquidity.
The preoccupation puts a spoke in the wheels of quantitative tightening (QT) as the Fed looks to unwind its treasuries holdings.
The selling of bonds and treasuries on the central bank’s balance sheet may come to a pause. Atlanta Fed Chief Bostic stated last week that QT may be getting close to levels where it can stop.
DAX Live Chart
DAX Gets Some Relieve from EU Trade Commissioner
The EU’s Trade Commissioner, Maros Sefcovic, said that the EU is willing to discuss a trade deal that would be mutually beneficial.
Sefcovic specifically mentioned he would be willing to talk about lowering tariffs on cars and trucks.
Also looking at potentially eliminating tariffs altogether for autos and other goods.
“I will be making this point to my American counterparts when I meet them later today. The EU is interested in making deals – deals that foster fairness, burden-sharing and mutual benefits,” Sefcovic said.
Currently the EU has a 10% tariff on US autos, compared to a 2.5% tariff from the US for EU autos.
The Trump administration has also complained about the sales tax, which is at 17.5%, seen as an indirect tariff.
ABOUT THE AUTHOR
See More
Add 3442
Related Posts
Add 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals
Top Broker