German Stocks Crash Near 1-Year Lows On Trade Fears

Having soared 34% from the pre-Trump-election lows, the German stock market has tumbled 13% in the last few weeks, crashing almost 6% this week as fears of a global trade-war slam the export-driven economy’s stock market.

As Bloomberg notes, “the threat of a trade war was always likely to hit the export driven German economy hardest.”

This is the lowest for DAX since Aug 29th, and is back at the same level as January 27th…

And while DAX is worst, the rest of Europe’s majors have tumbled…

Get back to work Mr.Draghi…