Current Market Situation
- DAX Development: The DAX recently reached a new all-time high and remains bullish as long as it stays above the SMA20. In May 2025, the DAX closed at around 23,997 points, which represents an increase of approximately 1,500 points compared to the previous year.
- Forecasts for 2025: The forecasts for the DAX in the coming months show a mixed development. For June 2025, a month-end of about 24,853 points is expected, corresponding to a change of 3.6%. For July and August, a moderate increase is predicted, while September suggests a stronger increase of 1.9%.
Challenges and Influencing Factors
- Economic Factors:
- Inflation and Interest Rates: Changes in the inflation rate and interest rates can affect the stock market. Higher interest rates may increase borrowing costs and thus dampen investment willingness.
- Global Economic Uncertainties: Geopolitical tensions and economic uncertainties in other regions can impact the German economy.
- Company Earnings: The results of companies are a crucial indicator of market development. Weak earnings can lead to a decline in stock prices.
- Fiscal Risks: Changes in tax policy or fiscal measures can influence investment decisions and thus affect the market.
Strategies for Private Investors
- Diversification: A broad distribution of the portfolio can minimize risks.
- Long-Term Perspective: Despite short-term fluctuations, the DAX shows a positive development trend in the long run.
- Market Monitoring: Private investors should closely monitor market developments and make adjustments as necessary.
In summary, the DAX and German stocks face potential challenges influenced by economic factors. Private investors should focus on a long-term strategy and keep a close eye on market developments.