Current Market Situation
- Winning Streak: As of May 2, the DAX recorded seven consecutive up days, driven by sectors such as financial services (+3.20%) and telecommunications (+2.23%).
- Near Record High: On May 5, the index approached its all-time high once again, supported by easing in the trade conflict and positive economic expectations.
- Volatility: The VDAX rose moderately to 23.40 points (as of May 2), indicating cautious risk appetite.
Corporate Figures as Drivers
- Siemens Energy
Shined as the DAX leader with +4.9% on May 2 after investment announcements from Meta in AI data centers. Achieved a record price over €71 per share.
- Airbus
Posted surprisingly positive quarterly results (+4.4% stock gain) despite declining jet deliveries.
- BASF
Disappointed with weak quarterly figures and weighed down the chemicals sector – an example of stock-specific risks despite overall market optimism.
Outlook for Investors
- Continuation of the Rally Possible: Analysts see potential for an eighth winning day with continued momentum from the technology sector (e.g., NVIDIA in focus).
- Risks:
- The banking sector showed recent weakness (-2.69% on May 2).
- Global uncertainties like trade conflicts remain latent – here, further easing news could provide positive momentum in the short term.
- Focus Stocks: Rheinmetall (+3.13%), Deutsche Börse (+3.73%), and Zalando (-5.22%, but possible rebound) offer stock-picking opportunities according to recent data.
The combination of robust individual reports (especially in industrial and tech stocks) and macroeconomic stabilization could give the DAX further short-term boost – provided major resistance levels around the record mark are successfully tested.