{"id":64789,"date":"2025-09-30T11:12:45","date_gmt":"2025-09-30T11:12:45","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/09\/30\/dax-down-marginally-in-cautious-trade-amid-tariff-concerns\/"},"modified":"2025-09-30T11:12:45","modified_gmt":"2025-09-30T11:12:45","slug":"dax-down-marginally-in-cautious-trade-amid-tariff-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/09\/30\/dax-down-marginally-in-cautious-trade-amid-tariff-concerns\/","title":{"rendered":"DAX Down Marginally In Cautious Trade Amid Tariff Concerns"},"content":{"rendered":"
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German stocks are subdued in cautious trade on Tuesday amid possibility of a US government shutdown, and lingering concerns over Trump’s tariff threats. Investors are also digesting the latest batch of regional economic data, including a report showing an unexpected drop in retail sales.<\/p>\n

The Trump administration has imposed tariffs on imported lumber, kitchen furniture, and bathroom furniture made of wood, starting October 14, with further increases planned for January 1.<\/p>\n

The benchmark DAX was down 18.91 points or 0.08% at 23,756.22 a few minutes ago.<\/p>\n

MTU Aero Engines is gaining about 3.1%. Commerzbank is up nearly 1.5%. Siemens Healthineers, Heidelberg Materials, Siemns Energy, Scout24 SE, Deutsche Bank, Bayer, Brenntag and Siemens are up 0.5 to 1.1%.<\/p>\n

E.ON is declining by about 1.1%. Qiagen, Daimler Truck Holding, Mercedes-Benz, BASF, Zalando, Symrise, Henkel, RWE and Volkswagen are down 0.4 to 1%.<\/p>\n

Data from Destatis showed Germany’s retail sales dropped unexpectedly in August due to a fall in non-food retailing.<\/p>\n

Retail sales logged a monthly fall of 0.2% in August, slower than a decrease of 0.5% seen in July, the data showed. Sales were expected to rebound 0.6%.<\/p>\n

Destatis said food sales gained 0.6%, while non-food sales declined 1% from July.<\/p>\n

On a yearly basis, retail sales growth eased to 1.8% from 2.9% in the previous month.<\/p>\n

In nominal terms, retail sales increased 0.1% month-on-month and advanced 3.2% from the previous year. <\/p>\n

Germany’s import prices declined by 1.5% year-on-year in August, following a 1.4% fall in the previous month. This marked the fifth consecutive month of falling import prices and the sharpest drop in the current sequence. On a monthly basis, import prices declined by 0.5% in August, slipping further from the 0.4% fall recorded in the previous month. <\/p>\n

Meanwhile, Germany’s seasonally adjusted unemployment rate stayed at 6.3% in September, matching market forecasts. This is the highest level since September 2020, signaling ongoing weakness in the labor market. <\/p>\n<\/p>\n<\/div>\n