It's a double whammy for auto stocks today
There was already mild negative sentiment arising from the fact that US and China are set to continue their tariffs battle next week. That weighed on Asian stocks and led to minor declines for European futures too.
But for the DAX - auto stocks in particular - there was more pain as Trump said that the EU's offer to scrap car tariffs in negotiating a trade deal is "not good enough". And the fact that Juncker is talking about retaliating is making sentiment worse for auto makers on the day really.
