On April 29, 2025, the DAX displays a moderate increase, trading at 22,417 points during midday with a rise of 0.7%. This development reflects a cautiously optimistic sentiment among investors, which persists despite ongoing uncertainties in international trade, particularly in the customs dispute.
Market Context and Drivers
Dynamics of Trade Conflict
Analysts like Jochen Stanzl from CMC Markets attribute the recovery to signals of easing in the US trade conflict, notably through potential rollbacks of planned auto tariffs.
Weaknesses in Individual Stocks
Porsche AG weighs down the index with a share price drop of -5.1% following a profit warning and weak business in China.
Technical Perspective
As of April 23, the DAX signaled technical strength by crossing the 0.618 Fibonacci retracement level (21,721 points) of a prior downtrend. This underscores the current resilience of the index.
Comparison of Relevant Indices
| Index | Level (Points) | Change |
|---|---|---|
| DAX | 22,417 | +0.7% |
| Euro Stoxx50 | 5,173 | +0.1% |
This evolution illustrates selective risk appetite: while the DAX benefits from sector rotation, broader European indices show only marginal gains. For investors, monitoring trade policy developments and quarterly reports (e.g., automotive sector) remains crucial.