The DAX, the German leading index, recently reached a historical record, as it has surpassed the mark of 24,000 points for the first time. However, despite this spectacular development, the index quickly fell back below this psychologically important mark. Various factors play a role here and influence the current market situation.
Current Market Situation
Record High and Decline
In May 2025, the DAX recorded several record highs, including the 26th of the year with a peak value of 24,065.50 points. Nevertheless, it recently closed again below the 24,000 mark, a sign of uncertainty among investors.
NVIDIA Figures and Trade Conflict
Although strong corporate figures from NVIDIA and progress in the trade conflict should have a positive impact on the market, investors remain cautious. The DAX does not seem to fully reflect this news, an indication of general caution in the markets.
Trade Policy Uncertainties
The uncertainties in trade policy, particularly concerning US tariffs, continue to cause unrest. Court decisions have temporarily lifted and then reinstated the measures, complicating the situation.
Inflation Data and Interest Rate Decisions
Both the German and US inflation data as well as the upcoming ECB Council meeting are crucial for market movements. These factors could significantly influence future interest rate decisions and investors’ investment strategies.
Outlook
Currently, the DAX is in a phase of consolidation. Investors should closely monitor market developments, as the 24,000 mark is an important mood indicator. How the combination of trade policy uncertainties and economic indicators will develop could determine the future direction of the DAX.