Current Developments in the DAX
The DAX has shown strong development in recent weeks but could not reach its all-time high on Thursday and fell in the afternoon below the 24,000 mark. Despite positive developments, such as strong figures from NVIDIA and a relaxation in the customs conflict, the DAX remained below its peak.
Background
On May 20, the DAX surpassed the 24,000 points mark for the first time, reaching a new high of 24,082.48 points. This was a significant milestone for the German leading index. Analysts had predicted an end-of-year target for 2025 of about 24,000 points; however, the DAX has already exceeded this target, raising questions about the reliability of such estimates. Additionally, the customs conflict between the USA and the EU has eased, as US President Donald Trump postponed the introduction of new tariffs on EU imports, which should normally trigger positive market reactions.
Current Situation
Strong quarterly figures from NVIDIA, a significant player in the technology sector, should have led to a positive market reaction. Nevertheless, the DAX fell below the 24,000 mark on Thursday. On May 30, the DAX closed at 23,997 points. This indicates that other factors, such as market uncertainties or volatility, might be playing a role.
Outlook
The DAX remains dependent on global economic factors, political decisions, and the performance of companies such as NVIDIA. Markets may continue to remain volatile as investors adjust their strategies to new developments.