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DAX moderately up despite uncertainties
Current market report on the DAX: Attempt to recover after Easter - US stock exchanges as a tailwind. Extreme caution is advised in the event of a possible extension of the downward movement. 📈 #DAX #stock market #market report
DAX moderately up despite uncertainties
The DAX recorded moderate gains at lunchtime, supported by positive impulses from US stock markets. Despite this development, the risk of an extension of the downward trend on the stock market remains. Experts such as Thomas Altmann from QC Partners emphasize that uncertainty remains high, especially in light of the conflict between Israel and Iran.
The downward trend of the DAX since Easter continues, and the technical chart situation of the leading German index has worsened after falling below its old all-time high. The DAX is now heading towards the key 50-day line, suggesting it may be losing speed. Analysts such as Jochen Stanzl from CMC Markets point out that it is crucial to defend the 50-day line, as falling below this mark could worsen the DAX's medium-term prospects.
The correction since Easter has been primarily influenced by geopolitical tensions in the Middle East and uncertainties about interest rate policy in the USA. Recent comments from Fed Chairman Jerome Powell have dampened interest rate cut speculation, affecting investor sentiment. Attention now turns to the Fed's economic report in the evening.
Aside from the DAX, companies such as Adidas and Continental have recorded different developments in the German stock market. While Adidas shares rose thanks to an optimistic outlook, Continental recorded red numbers in the automotive supply sector. Companies like Volkswagen and Volvo have positively surprised investors with new technologies and quarterly results.