STOCKS IN FOCUS: Relief in the auto sector after tariff agreement

FRANKFURT (dpa-AFX Broker) - The tariff agreement between the European Union (EU) and the United States gave investors in the auto sector a sigh of relief on Monday. German automakers are particularly hard hit by tariffs. Thanks to the agreement, business has at least become somewhat more predictable again, and uncertainty has been eliminated. The United States and the EU have agreed on a base tariff of 15 percent on most EU imports into the United States. This also applies to cars.

In pre-market trading on Tradegate, DAX shares, BMW, Mercedes-Benz, and Volkswagen rose by up to 3 percent compared to the Xetra close. On Friday, signals of an impending agreement, along with Volkswagen's quarterly figures, had already boosted the sector.

Given US President Donald Trump's threat to impose tariffs of 30 percent starting August 1, the now agreed tariff rate of 15 percent is a good result, said Thomas Gitzel, chief economist of Liechtenstein's VP Bank, commenting on the agreement—especially because no additional tariffs are planned for the automotive industry./ajx/zb

dpa-AFX Broker - the trader news from dpa-AFX

DE0005190003, DE0007100000, DE0007664039, DE0008469008, EU0009658681

A turning point! 3 uranium stocks before revaluation

At the end of May, US President Donald Trump initiated a far-reaching shift in American energy policy by signing several executive orders. The focus is on the accelerated expansion of nuclear power. A comprehensive package of measures is intended to reform licensing processes, promote smaller reactors, and massively increase the share of nuclear power in the US. This is triggered by the exploding energy demand caused by AI data centers, which makes a stable, low-CO₂ baseload supply absolutely necessary. In our free special report, you will learn which three companies are now at the center of this energy policy realignment and who could particularly benefit from the coming boom in the nuclear industry. Get the latest report! Don't miss out on which stocks are particularly likely to benefit from the energy transition in the US and download the free PDF now.

This exclusive offer is only valid for a limited time! So download it now!