India, March 7 -- German stocks are down sharply Friday morning amid uncertainty surrounding Trump administration's trade policy as the U.S. President keeps changing his stance on tariffs on goods imported into US., and on caution ahead of the crucial U.S. jobs data due later in the day.
Data showing a sharp drop in Germany's industrial orders in the month of January is weighing as well on sentiment.
Investors are looking ahead to a speech from Federal Reserve Chair Jerome Powell later in the day for additional clues about monetary policy outlook for the world's biggest economy.
Selling is widespread, and stocks from banking and automobile sectors are among the notable losers.
The benchmark DAX, which tumbled to 23,016.04 earlier in the...