Key Factors for the DAX
The DAX, the German leading index, experienced an impressive rally in recent weeks and has, for the first time, surpassed the 24,000 mark. Despite this positive development and the strong figures from NVIDIA, as well as a positive progression in the customs conflict, the DAX fell below the 24,000 mark on Thursday. Here are some key factors and developments that influenced this situation:
- Record High and Psychological Barrier: The DAX has reached and surpassed the 24,000 mark several times in the past, which is considered a psychologically important hurdle. This level serves as an important indicator for investor sentiment and overall market development.
- NVIDIA Figures: The positive corporate figures from NVIDIA, a leading company in the semiconductor industry, could have normally led to a positive market reaction. NVIDIA is an important indicator for the technology sector and often influences sentiment in global markets.
- Customs Conflict: The positive developments in the customs conflict, particularly between the USA and other countries, could also contribute to a positive market evolution. A decrease in tensions in this area could lead to greater investment security.
- Market Volatility: Despite these positive factors, the DAX fell below the 24,000 mark. This may indicate general market volatility influenced by various factors such as political uncertainties, economic indicators, or unexpected events.
- Analyst Forecasts: Many analysts initially projected an end-of-year target for the DAX of around 22,100 points, which has already been significantly exceeded. This exceeding of forecasts raises questions about the reliability of the estimates and could lead to a reassessment of market expectations.
Conclusion
The setback of the DAX below the 24,000 mark despite positive corporate figures and a favorable development in the customs conflict shows that markets continue to be influenced by a variety of factors. Volatility and uncertainties in the markets can lead to short-term declines, even when long-term prospects are positive.