D he global trade dispute with the United States remains the main topic of conversation on the German stock market floor. The Dax investors hoped on Thursday that the European carmakers still get around to higher US tariffs. The German leading index gained 0.9 percent to 12,433 points. The papers of Daimler , Volkswagen and BMW increased between 3.6 and 2.8 percent.
The “Handelsblatt” according to the American ambassador to Germany, Richard Grenell, the bosses of BMW, Daimler and Volkswagen proposes a solution in the conflict over impending punitive tariffs. Grenell has said that the United States is ready for a zero solution, so a complete waiver of car duties, even if Europe renounce it.
Investors are also eagerly awaiting the showdown between the United States and China in the trade dispute. On Friday, the US President’s Donald Trump threatened US tariffs on Chinese goods worth 34 billion dollars come into force. China threatens to impose higher tariffs on goods from the United States on the same day.
In addition to car values, Linde’s focus was also on. The industrial gases manufacturer is advancing in its merger with Praxair. Japanese group Taiyo Nippon Sanso will take over parts of Praxair’s European business for five billion euros. Linde and Praxair must divest company shares to obtain approval from the antitrust authorities for their proposed merger.