On April 23, 2025, the DAX surpassed the significant mark of 22,000 points. This positive development on the German stock market was significantly fueled by hopes for de-escalation in the US tariff dispute with China, which has strengthened investor confidence.
Background of Market Development
- The hope for a relaxation in the trade conflict arose from statements made by US President Donald Trump, who signaled that he did not want to fight the tariff dispute with hard tactics.
- High-ranking government officials, such as the White House spokesperson and US Treasury Secretary Scott Bessent, indicated progress and a soon-to-come de-escalation.
- This news led to a recovery after a market slump in early April when uncertainty regarding tariff policy prevailed.
Market Impact
- The DAX rose by over 3 percent, reaching just above 22,000 points, which is a sign of an improved market environment.
- Other German indices, such as the MDAX, also increased, and a price jump at SAP contributed to the positive sentiment.
Technical Assessment
- After overcoming the 22,000 points mark, further increases could follow, provided that the buying side dominates.
- Setbacks could exert pressure, but the trend remains positive due to the encouraging signals from the tariff dispute.
In summary, the combination of signals towards resolving the US tariff conflict with China and strong corporate figures—exemplified by SAP—has sustainably boosted the DAX.