The DAX is currently at a record level, after the European Central Bank (ECB) pushed the German benchmark index to a new all-time high with its recent interest rate decision. Last Thursday, the DAX reached new highs with 24,479.42 points in intraday trading and 24,323.58 points at the close.
Market Analysis and Background
- Record High Due to ECB: The ECB’s decision to lower or maintain interest rates has recently provided additional liquidity in the market and encouraged investors.
- Calm in the Market: Despite the record, sentiment is somewhat subdued; trading volume is low, indicating that many market participants are waiting or are already invested.
- Influence of Foreign Markets: Wall Street had previously reacted positively to the US labor market report; in Asia, winners predominated in the morning.
- Technical Indicators: After reaching new highs, technical indicators like overbought conditions are increasingly being monitored – some analysts see warning signs for a possible consolidation or correction phase.
Conclusion
While the DAX remains stabilized at its record level through the ECB’s monetary policy and positive impulses from overseas, the low trading volume and slight losses in early trading suggest that “the air may be out”: many investors are waiting or are already invested; current new impulses are largely absent. Therefore, a continuation of the upward trend seems unlikely in the short term – there is rather potential for sideways movements or a consolidation in the near future.