Current Stock Market Situation
The DAX, Germany’s leading index, failed to hit a new record high on Thursday, May 29, 2025, despite positive news from the technology sector and a temporary turnaround in the tariff conflict with the USA. Despite strong results from the US chip company NVIDIA and a surprising development in the tariff dispute that temporarily brought some easing, the DAX fell below the 24,000 mark during the trading day.
Background
- DAX Record High: Previously, on May 20, 2025, the DAX had first exceeded the 24,000 points mark, reaching a historic milestone. This was the peak of an impressive price rally that began after a “Panic Monday” on April 7, 2025, when the DAX fell to 18,489 points.
- NVIDIA Figures: NVIDIA’s strong quarterly results could normally have led to a surge in the markets. However, this was not enough on Thursday to lift the DAX above its all-time high.
- Tariff Conflict: The tariff conflict between the USA and other countries, triggered by tariffs from US President Donald Trump, has recently evolved further. A US court had temporarily declared the tariffs invalid, but a federal appeals court reinstated them. This uncertainty has affected the markets.
Current Development
On May 29, 2025, the DAX recorded a strong pre-market increase at around 24,300 points. After the market opened, the index initially showed a 0.9 percent increase at 24,255.01 points. However, during the day, the DAX lost value and fell below the 24,000 mark. The closing price was 23,933.23 points, which corresponds to a decrease of 0.44 percent.
On May 30, 2025, the DAX has recovered slightly and is trading above the 24,000 mark, indicating some stability. Despite the current challenges, the DAX remains in a phase of strength, as underscored by the recent record highs.