German, Swiss banks down pre-market after Trump's tariffs take effect

Deutsche Pfandbriefbank AG

09/04/2025 07:47

** Shares in German and Swiss banks fall in pre-market trade after U.S President Donald Trump's tariffs took effect, including 104% levies on China

** Germany's Deutsche Bank DBKGn.DE, Deutsche Pfandbriefbank PBBG.DE and Commerzbank  CBKG.DE are down between 4.3% and 4.8% in early Frankfurt trade

** Switzerland's Julius Baer BAER.S and UBS UBSG.S fall 4.3% and 5.1%, respectively, in Swiss pre-market indications

** Commerzbank slipped 3% and Deutsche Bank lost 16% over the past four trading sessions from April 2 close, before the tariffs were announced

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))