Last week, the DAX showed a significant upward movement and closed with a weekly gain of around 3.19%, peaking at 24,549.56 points on Wednesday. This positive development was primarily supported by positive corporate news from major German companies such as SAP and Siemens, which reported better-than-expected quarterly results. Additionally, the DAX benefited from a capital shift from the USA to Europe, as well as increasing international demand for European stocks with stable cash flow and high dividends, which are strongly represented in the DAX-40.
Corporate News and Economic Data
Favorable economic data also contributed to investor confidence. The German economy appears robust despite global uncertainties, as reflected in the continued consumer spending. Furthermore, positive impulses from the industrial sector – particularly from the aerospace, defense, and industrial plants – provided additional momentum in the market.
Outlook
The combination of strong corporate numbers and stable economic conditions has thus strengthened investor confidence and driven the DAX to a new record high above 24,500 points. Analysts continue to see potential for an increase of around 10% by the end of the year, aiming for a target price of approximately 27,000 points.
In summary, the market development of the DAX in the past week was characterized by an upward movement driven by positive quarterly reports from large German companies and supportive economic conditions, which significantly boosted investor confidence.