Dow futures, DAX and Nikkei 225 bolstered by news of possible auto tariff exemptions
Indices were given a boost by reports president Trump might exempt some automakers from tariffs.
Dow rebound still in progress
Index futures are pushing higher after an indecisive session yesterday that saw the Dow Jones index make little progress in either direction.
The overall recovery from the post-tariff news lows continues, though the risk of a lower high is still present. Last week’s gains stalled at 41,000, so a close above here would help to support the bullish view, and then open the way to 42,000. A reversal back below 39,700 might suggest that a lower high has been formed.
DAX higher on tariff exemption hopes
Reports that US president Trump may make some tariff exemptions for the car sector has helped to boost the DAX 40 index.
Last week’s recovery continues, and a test of 21,560 now looks likely, being the highs from last Wednesday. Recouping this level would help to bolster the bullish view still further.
Nikkei 225 continues to recover
The Nikkei 225 index also benefited from reports of possible tariff exemptions for carmakers, though it also remains below last week’s high for the time being.
If the index can manage a close above 35,000, the next area to watch is 36,000 which was support in March (if only briefly) and then resistance in early April. Sellers continue to wait for a fresh reversal that could signal a new leg lower.
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