DAX Reaches New Record High
On June 4, 2025, the DAX reached a new record high of 24,346 points, reflecting positive developments in the German stock market. Despite weak job data from the USA, which could normally heighten expectations for interest rate cuts by the Fed, positive impulses in stock prices were absent.
Background and Influencing Factors
- Tax Reduction Plans in Germany: The federal government has approved a multi-billion euro package of tax reliefs, which includes expanded depreciation options for machinery and electric vehicles. These measures aim to strengthen the economy and encourage investments, providing a boost for the DAX.
- International Market Developments: Despite pessimistic remarks from U.S. President Donald Trump regarding trade talks with China, the positive trend of the DAX remained largely unaffected.
- MDax Development: The MDax, which represents medium-sized companies, surpassed the 31,000-point mark for the first time in three years, closing up 0.83 percent at 31,029 points.
Outlook
The DAX has continued to stabilize above the 24,000-point mark, closing up 0.77 percent at 24,276 points. Chart analysts see further potential for an increase in the DAX as long as it stays above its old breakout mark. Some experts even consider a rise above 26,000 points to be possible.
Overall, the DAX shows strong resilience against global uncertainties and benefits from positive economic policy measures in Germany.