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DAX recovery fizzles out: investors are running away
The DAX temporarily fell below the 17,800 mark due to uncertainties and the Iran-Israel conflict. Discover how these factors influence global stock markets. #DAX #IranIsraelConflict #Stock Market Development
DAX recovery fizzles out: investors are running away
On Tuesday, the DAX experienced a recovery from the previous day, but it quickly fizzled out and sent investors fleeing. The leading German index started trading with a minimal decline at 18,022.17 points and then fell significantly to 17,766.23 points. The daily low reached 17,713.50 units. The global stock market landscape is characterized by considerable uncertainty, as Thomas Altmann, portfolio manager at QC Partners, emphasizes. The DAX is still in correction mode, following the weakness of the US stock markets, especially Wall Street and NASDAQ, which fell noticeably after the XETRA close.
On Monday, the DAX briefly exceeded the 21-day line and moved towards the 18,200 point mark before giving back a large part of its gains over the course of the day. The leading index's record high remains at 18,567.16 points, while the highest closing level of all time was 18,492.49 points. The new uncertainty about the expected interest rate turnaround, caused by strong US economic data such as the labor market report and retail sales as well as ongoing inflation, is causing investors to need clarification.
The escalation in the Middle East conflict is also weighing on the market. The question of whether there will even be an interest rate cut in the world's largest economy this year is becoming increasingly relevant. Federal Reserve representative Mary Daly made it clear that the Fed was in no rush to make cuts and that there was still a lot to do to combat inflation. The ZEW index of economic expectations rose surprisingly sharply to 42.9 points in April, which had a positive impact on the mood of financial analysts. The forecast was only 35.0 points.
Overall, the stock market situation is characterized by volatility and uncertainty, as global events such as the Middle East conflict and the question of interest rate cuts in the USA are unsettling investors. Against this background, the development of the DAX remains particularly in focus, as investors hope for clear signals and a stabilization of the markets.