The DAX on the Way to a Record High
The DAX has strongly recovered in recent weeks and is once again approaching its record high. This trend reflects the ongoing interest of investors and positive market developments that are of great significance to private investors. Here are some key aspects influencing the current state of the DAX:
Current Market Situation
- Record High: The DAX reached a new record high of over 24,000 points in May 2025, with an intraday high of 24,325.97 points. The index is currently moving around this mark and attempting to break through it.
- Annual Performance: The DAX is approximately 20 percent up in 2025, indicating a strong recovery in the markets.
- Weekly Trend: In the last week, the DAX increased by about 1.3 percent, while the MDAX rose by 2.7 percent.
Influencing Factors
- Inflation Data: Currently, inflation data from Germany and the USA is in focus for investors. This data is crucial for the interest rate decisions of the European Central Bank (ECB) and can influence the markets.
- Trade Policy Uncertainty: The trade policy situation between the USA and its partners remains unclear. Court decisions regarding tariffs have led to increased uncertainty, which is weighing on the markets.
- Interest Rate Decisions: The upcoming ECB interest rate decision will also influence the markets. A change in interest rates could affect investors’ investment decisions.
Outlook
- Technical Analysis: The DAX could target the record high of 24,325 points if it breaks above 24,255 points. However, if it fails, a pullback may occur, with support at around 24,120/100 points.
- Market Expectations: The positive sentiment in the market is supported by the ongoing interest of investors and hope for continued positive economic developments. Private investors should focus on inflation data and interest rate decisions to adjust their investment strategies.
In summary, the DAX shows a strong recovery and is approaching its record high, indicating the ongoing confidence of investors in the markets. However, upcoming economic data and political decisions will continue to influence the markets.