A dreary day for the DAX
On the German stock market, the weakness continued on Thursday, June 12, 2025: The DAX threatened with its fifth consecutive loss day. Sentiment was low after disappointment over the trade agreement between China and the USA weighed on market sentiment.
Market situation and background
- Pre-market indications: An hour before trading began, the X-DAX signaled a decline of 0.8 percent to about 23,764 points. Other brokers like IG also calculated the DAX pre-market about 0.3 percent lower at around 23,911 points.
- Loss series: After a record high of around 24,479 points in the previous week, a consolidation phase has set in – the index slipped below important technical support lines like the ten-day exponential moving average (10 EMA).
- Trigger for negative sentiment: The agreement between China and the USA regarding a “framework for trade” was not considered sufficient by investors to create new buying impulses – on the contrary: It led to disappointments and further sales.
Technical analysis
- Chart analysis: Analysts see a barrier at around 24,155 points as the next resistance zone. As long as this is not surpassed, the short-term trend remains weak.
- Consolidation vs. trend break: Despite the current setback, the medium-term upward trend remains intact; however, many market participants expect further sideways movements or slight corrections until the next impulse phase.
Conclusion
The German leading index remains in a consolidation phase following the strong rise in spring. The negative sentiment is intensified by disappointing news from international trade, leading to further price losses – especially compared to the rather stagnant US market (Dow Jones), while the DAX has still recorded a significant gain since the beginning of the year.
The current weakness is thus primarily due to profit-taking and uncertainties regarding global trade prospects – a classic scenario after a long rally without new positive impulses from outside.
Summary of important key figures (as of pre-market on Thursday)
| Index | Level (points) | Change (%) |
|---|---|---|
| DAX | ~23,764–23,911 | -0.3 to -0.8 |
Source: X-DAX/IG/Broker indications