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Ties with europe and especially with germany s seeking to reanimated an old friendship so to say and watching the language of the two ministers today the turks minister said he is thrilled to cooperate with germany and this is of course a completely new tone after the crisis between germany and turkey last year so it s almost as something like a charm offensive we re seeing right now on the story for us in istanbul you know you you think. argues also you know with business news fin tech making big gains that s not good for the banks that you and i usually do business with that s true brand the old economy is starting to feel the heat come out spunk germany s second biggest lender is said to be pushed out of the blue chip index dax by phin take start of wire cart a company which has only been around for less than twenty years now come out smart for its part was founded in eight hundred seventy and has been with the dax from the beginning its longevity is something it shares with most of ....
European that many american cars. on european roads but rather a lot of european cars on the american roads though i can tell you that the car makers are still hoping for a last minute rethinking of the u.s. president i don t you we also saw the dax opening in the red once again what are investors main concerns right now where are they getting out of their shares. but i can tell you that at this moment none off the thirty eight list a chair here at the blue chip index dax is in the green they re all in the red even though wall street closed in the green yesterday we are again down more than a half percent at a level of twelve thousand one hundred and sixty points and yes this is really getting serious we have to remember that in general we were still here at a level off thirteen thousand five hundred points so we lost more then one thousand four hundred points just within this year and already in this month s close to six ....
Could be a step towards a trade war t w correspondent reporting from brussels care thank you the stock market reaction to the news from washington has been overwhelmingly negative the dow dropped one point seven percent yesterday japan s nikkei down more than two percent this morning let s cross over to our correspondent in frankfurt daniel cole put daniel the picture or the mood rather on european trading floors is also rather sour. yeah very bad mood here at the trading floor even though at this point it s not even clear how for example european companies could f.t. and stuff for their reaction here at the frankfurt stock exchange is even worse than expected the blue chip index dax for the first time since august fell under the magical power mark off twelve thousand points losing more than two hundred and fifty point this is a big issue we have to remember that in january investors celebrated here ....
By for us at the front food stock exchange daniel as the german steel industry taking the news well not positive at all monica the big two still companies to sin and good to have released statements so that they will have to wait for more details in order to really know how all of this is going to affect them but yeah many experts fear that steel exports to the united states could go down by more than fifty percent and many are fearing we just heard this from garrick as well then a possible trade war could happen investors don t like this at all because of this the reaction here at the franc for a stock exchange has been even worse then expect that the blue chip index dax lost more than two hundred sixty eight points this is also happening because even in the united states many question if with this protectionism of the other sectors such as the car industry could be hit very hard as well dow futures also indicate big ....
How european indices doing down there. but actually much better than we initially thought this morning in the morning i really saw very worried faces here off and bester is in the early trading the blue chip index dax was actually forecasted to open with a minus of eight percent well we are still down with about two point three percent very similar picture all around europe but it seems that there s a mass panic than we have seen yesterday happening on wall street where everybody pretty much wanted to leave we are not seeing this here happening at the moment it seems that investors are thinking a little bit more realistic are thinking are with their had to rather than with their stomach they know that the world has not changed since yesterday that in general market situation is still a very good we are not going to see a recession happening but still there are concerns let s see what s happening later ....