Fulminant Reversal: Was This the DAX Breakout Above 24,000 Points?
The DAX demonstrated impressive strength on Wednesday: despite overnight losses in off-exchange trading, the index made a spectacular comeback during the trading day, potentially executing a key breakout. The German leading index closed firmly in positive territory at 24,049.74 points, thereby reclaiming the critical 24,000-point mark. The daily gain of 0.42 percent nourishes investors' hopes for continued rising stock prices. The positive development was supported by a continuation of the upward movement in after-hours trading, despite reserved US exchanges.
BMW Surprises – Siemens Healthineers Crushed by Tariffs and Euro
The automotive stocks delivered positive headlines yesterday, Wednesday. BMW impressed with unexpectedly strong quarterly results, causing its shares to surge by a whopping 6.9 percent. Daimler Truck (+3.7 percent) and Mercedes Benz AG (+3.5 percent) also showed strength. At the other end of the spectrum, Siemens Healthineers experienced a black day: the stock plunged by 8.6 percent. The company is struggling severely with its export business, becoming a victim of US tariffs and the simultaneously strong Euro. This dual burden effectively drove investors out of the stock.
Slightly Downward-Sloping Sideways Trend Persists – Focus on US Labor Market
Technically, the DAX constellation remains challenging: the index is moving in a slightly downward-sloping sideways trend, with positive days consistently followed by pullbacks. This volatility requires strong nerves from investors and flexibility in trading strategy. The decisive, stabilizing idea that would sustainably boost the index is still missing. The US labor market figures on Friday may provide the necessary fundamental impulse to determine the direction. Until then, however, it must be assumed that the current, slightly downward-trending pattern in the leading index will continue.
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and as such is to be considered to be a marketing communication.
All information has been prepared by ActivTrades (“AT”). The information does not contain a record of AT’s prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Forecasts are not guarantees. Rates may change. Political risk is unpredictable. Central bank actions may vary. Platforms’ tools do not guarantee success.