Based on the strongly starting automotive stocks, the DAX started higher on Tuesday. The 40 most important German stocks were up to 21,210 points for 21,210 points, which has been the highest level since April 4. There were five automotive values among the six largest day winners: BMW, Mercedes and Volkswagen with price gains of more than three percent, followed by the car supplier Continental and the truck manufacturer Daimler Truck with price gains of around three percent. Only the armaments group Rheinmetall managed to play in this author. And in the Euro Stoxx 50, the Opel manufacturer Stellantis put himself past BMW and Mercedes to pole position and shone on Tuesday with price gains of around five percent. Rather, they have to do with US President Donald Trump and his erratic, perhaps also pragmatic customs policy. Trump is also firmly in hand the stock exchange in Tokyo. With his hint that he could also free car manufacturers and suppliers at least temporarily from the raised tariffs, the American president gave the Japanese car company in a partly strong course jumps on Tuesday. The courses from Toyota Motor, Suzuki Motor and Honda motor rose by almost five percent. Suppliers such as Sumitomo Electric Industries or Denso were even able to win a win of six percent. On Monday evening, the US auto company Ford on Wall Street had already cut off above average: there for the Ford share, the S&P 500 moved 0.8 percent. good news. Finally, the past few weeks have brought about the past few weeks of surprisingly hard customs policy compared to the actually narrow ally various deep blows. The Japanese leading index Nikkei 225 had crashed by a full 20 percent within a few days after Trump celebrated his “liberation day” in early April. He missed Japan a reciprocal custom of 24 percent after he had previously made important Japanese export goods for the American market with his tariffs of 25 percent on cars, steel and aluminum. The “worst possible scenario” has now occurred, an analyst groaned in Tokyo. In between, the stock exchange has caught up again. With Trump’s customs break, many Japanese corporations gain some time to fill up camps in the United States and thus cushion the toughness of the tariffs. Nintendo and Sony, for example: For the two Japanese corporations, the United States are a very important sales market for their game consoles, which they largely produce in China or Southeast Asian states such as Vietnam, which Trump has all occupied with particularly violent tariffs. settled. The high-altitude flights of the past year, especially foreign investors-attracted to the cheap yen and praise hymns of the investor legend Warren Buffett-raised the Nikkei index to a record high of 42,000 points, are in any case over. How it goes on depends to a great extent on what the negotiations in Washington bring, to which Prime Minister Shigeru Ishiba sends two of his ministers from this Wednesday. From this Wednesday, the American asset manager Blackrock writes in his recent report to the Japanese stock market and has his outlook, which is usually up to twelve months ahead, shortened only three months. If the Americans had recommended Japanese titles for sale since September 2023, they have now reset their assessment to “neutral” for the first time. They also point out that the yen is often used as a safe port in times of crisis. “Where we show commitment, we prefer to remain unsecured because the yen tends to gain strength during times of market stress,” says the report. For the export companies, a stronger yen could mean a further disadvantage on the world markets because it makes their products more expensive than those from the dollar space. Other American and Japanese financial institutions are therefore skeptical about Japanese stocks. In their view, the profits of Japanese companies are likely to suffer significantly from Trump’s new trade policy. Goldman lowers Japanese forecastie American investment bank Goldman Sachs, especially in an updated outlook, this year’s growth expectations for profits reduce as well as all Asian stocks – for those from Japan and also Taiwan by a total of ten percentage points. “The clearest forecast adaptation concerns Japan,” emphasized the investment bank’s stock strategists led by Timothy Moe in a report published on Saturday. “This reflects the US tariffs and changes in the growth of domestic gross domestic product and also a change in our assumption for the average exchange rate of the dollar to the Yen from 155.” According to the Goldman bankers, Japanese companies generate 20 percent of their profits in the United States, which is one of the highest proportions among companies from threshold and industrialized countries. Japanese market observers are little more optimistic. According to calculations by Fumio Matsumoto, chief strategist of the Okasan Securities trading house, the tariffs could only affect around seven trillion yen (around 43 billion euros) of company gains among the most important stock markets. That would be a decline of 6.5 percent. Naoya Oshikubo, chief economist of the Mitsubishi UFJ Trust and Banking Corporation, assumes a decline in profits by “less than eight percent”. However, all forecasts are currently being made with the addition: “If the tariffs remain”. Nobody in Tokyo really wants to believe that the close ally and trading partner will hold onto Japanese products for a long time. The hopes are great that the negotiators in Washington will succeed in bringing a deal with Trump. Most market observers do not yet give the price gains on Tuesday. “Even if some market participants go back to risky investment classes, many investors should continue to hesitate because many companies will look conservatively at the current financial year,” commented Masahiro Ichikawa, market strategist from Sumitomo Mitsui DS Asset Management, the price movements on Tuesday.
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