The Dax increased significantly by 1.5% to reach 19,544 points during early trading on Xetra after Donald Trump’s win as reported by the German news agency dpa.
Robert Halver, Head of Capital Market Analysis at Baader Bank said that “since Donald Trump stands for the economy, it can be assumed that stock markets around the world will go up. With one exception: China, because he (Donald Trump) will definitely impose tariffs at least on China. That will certainly make life difficult for the Chinese.”
“The nice thing is that European stocks, German stocks and export stocks can also benefit. Because we are still so well positioned in the industrial sector that we are helping America to become big again in the industrial sector, so to speak,” he added.