The DAX has once again surpassed the 24,000 point mark on Tuesday, indicating positive developments in the markets. However, this movement depends on several factors that could arise from both Germany and the USA. Here are some points that could influence the future development of the DAX:
Factors That Could Influence the DAX
1. Economic Data from Germany and the USA
In the coming days, important economic data from Germany and the USA is expected. This data could provide significant impulses for the market and influence the direction of the DAX. Positive data could drive the DAX further up, while negative data could lead to a decline.
2. Trade Relations Between the USA and China
The trade relations between the USA and China are another important factor. Hopes for high-level trade talks between the two countries have given the market some support. If these talks are successful, it could lead to further strengthening of the DAX. On the other hand, deteriorating trade relations could weigh on the market.
3. Technical Analysis
From a technical standpoint, the DAX has historically struggled to stay above the 24,000 point mark. The index recently reached a new high of about 24,387 points, but it remains to be seen whether it can hold this level. Support lines around 23,786 points could prevent a decline, while a break of this line could lead to further losses.
4. Political Developments in Europe
Political events, such as the collapse of the government coalition in the Netherlands, could also impact the market. Such events can create uncertainty and unsettle investors, potentially leading to fluctuations in the DAX.
Conclusion
Whether the DAX can maintain the 24,000 point mark depends on a variety of factors. Positive economic data, advances in trade relations between the USA and China, as well as stable political conditions in Europe could further support the DAX. On the other hand, negative developments in these areas could lead to a decline. Investors should focus on the upcoming economic reports and political developments to make their decisions.