Introduction
The DAX, Germany’s leading index, was expected to hold at its record level on Whit Monday 2025, albeit with slight losses. Recently, the European Central Bank (ECB) had driven the DAX to a new all-time high, reaching 24,479.42 points on the Thursday before Whit Monday. On a closing basis, the DAX stood at 24,323.58 points, also a record.
Background and Market Outlook
- Record Level: The DAX reached a new all-time high following the ECB’s interest rate decision. This surge was part of a strong yearly performance, with an increase of nearly 23 percent compared to the previous year.
- Whit Monday: On Whit Monday, the DAX initially showed slight losses. The X-DAX signaled a decrease of about 0.1 to 0.2 percent before the market opened, indicating a quiet trading phase.
- International Markets: Wall Street reacted positively to the U.S. jobs report on Friday, but the gains could not be sustained. In Asia, there were more gainers in the morning, suggesting a mixed sentiment in the global markets.
Reasons for the Losses
- Quiet Trading: Whit Monday is a public holiday in Germany, resulting in quieter trading. This can contribute to the DAX showing little movement.
- Market Expectations: Expectations for the DAX were mixed, as the positive impulses from the ECB and U.S. jobs reports were not sufficient to sustainably boost the index.
Outlook
The DAX is likely to continue to be influenced by the ECB’s decisions and global market conditions in the coming days. The question of whether the DAX can maintain its record level will depend on future economic developments and investor reactions.