The situation in the DAX remains tense and unchanged: the German leading index is holding firm at a high level, ready to attack a new all-time high. The crucial question right now isn't if the new all-time high will be reached, but when it will happen. Yesterday, Tuesday, ended again as a break-even day, with the closing price (24,285.78 points) almost exactly matching the opening price. With a minimal difference of 0.03 percent, investors are patiently awaiting the signal to launch. This stagnation may continue throughout the trading day. However, increased volatility is expected in the evening when the highly anticipated minutes from the latest Fed meeting are released at 8 PM CET.
Symrise Shines: Few Exceptions in a Flat Market
Restraint dominated individual stocks on Tuesday as well. However, Symrise AG topped the list of DAX components with a performance of 2.3 percent. Symrise thus overtook software heavyweight SAP, which gained 1.5 percent. The third spot was taken by Fresenius Medical Care AG with a price increase of 1.2 percent. Overall, the price movement among the 40 individual stocks was flat and modest; outperforming stocks were the exception.
Springboard or Profit-Taking? The Critical Question After the Breakout
Today's trading day operates under similar conditions as yesterday. The DAX is settling in at a high level and appears to be allocating capital for the imminent breakout. The central challenge, however, lies in the follow-through dynamics: it remains to be seen whether enough buyers will enter the market after a successful breakout above the previous high, or whether the elevated prices will primarily encourage profit-taking. Only the market's reaction to the new high will determine the sustainable direction.
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