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DAX Set for Modest Rise Ahead of Possible Trump-Xi Call

Markets are bracing for Thursday’s ECB policy announcement following China’s first manufacturing contraction in eight months.

Dax legt am Dienstag zu
Börsenhändler an der Frankfurter Börse.

Overview

  • Pre-market signals point to a slight DAX gain as investors react to shifting US-China trade dynamics.
  • The White House says Presidents Trump and Xi Jinping are likely to speak this week, though Beijing has yet to confirm.
  • China’s Caixin/S&P Global PMI fell to 48.3 in May, marking its first manufacturing contraction since September amid tariff pressures.
  • European shares dipped earlier after the US announced it would double import tariffs on steel and aluminum.
  • Markets are focused on Thursday’s ECB council decision for guidance on eurozone inflation and monetary policy.