Market Analysis of the 18th Calendar Week of 2025
In the 18th calendar week of 2025, from April 25 to May 2, the DAX demonstrated a mixed performance with significant movements among individual stocks on the Xetra marketplace.
Top Losers in the DAX
- Zalando: With a decline of –5.21%, the e-commerce company ranked last.
- adidas: The sports goods manufacturer recorded a price loss of –4.75%.
- Porsche: The automotive division was down –3.99%.
- Munich Re: The insurance group fell by –3.88%.
Market Context
The technical analysis shows that the DAX has overcome the resistance zone at 21,930–22,117 points and continues its recovery from the year’s low. At the same time, global macroeconomic developments influenced the market:
- In the USA, an unexpected decline in GDP by 0.3% in the first quarter of 2025 created uncertainty in international markets.
- European indices like the CAC 40 (+0.4%) and the FTSE 100 (+0.1%) were more stable on April 30, which may signal selective risk management.
Investor Relevance
The diverging price movements underscore the importance of sector-specific analyses. While consumer goods stocks like Zalando are weak, industrial sectors might benefit from the global economic outlook – especially against the backdrop of current interest rate expectations and commodity price developments.