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On Tuesday, March 11, the DAX fell 1.29%, following Monday’s 1.69% sell-off, closing at 22,621.
Sector Highlights: Auto Stocks Slide on Renewed Tariff Threats
Daimler Truck Holding tumbled 5.34% on tariff threats, while Mercedes-Benz Group and Porsche posted losses of 1.94% and 1.73%, respectively. BMW and Volkswagen also ended the session in the red.
Volkswagen also weighed on sentiment, reporting a weaker annual operating profit on Tuesday.
However, Henkel AG & Co. KGAA suffered the biggest loss, plunging 10.36% after warning of a slow start to 2025.
German Fiscal Stimulus Plans in Focus
On Wednesday, March 12, Germany’s fiscal stimulus plans take center stage as political divisions deepen. The Greens opposed loosening the debt brake and a €500 billion infrastructure fund. Germany’s coalition government needs a two-thirds majority in parliament, with a vote on the fiscal package as early as March 18. A Bundestag vote on the two special funds is potentially on March 21.
Rising opposition to the coalition government’s fiscal package could impact German-listed stocks. Sensitive sectors to the fiscal stimulus plan include construction, defense, energy, telecommunications, IT, and tech.
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