The DAX is currently showing a stable level, after having made an impressive rally in recent weeks, marking several new all-time highs. On Tuesday, June 10, 2025, the German leading index closed at around 24,174 points and stayed in that range on Wednesday morning as well. Thus, the DAX remains close to its recent record of 24,479 points, which it reached the previous Thursday.
Market Sentiment and Valuation
- Stability despite record highs: Despite the strong price gains – the DAX has risen by around 31 percent since the correction low in April – sentiment remains cautiously optimistic.
- Valuation risks: Analysts warn of growing risks due to high valuations. The index is currently considered “expensive”.
- International comparison: While European indices like the Stoxx Europe 600 also increased, it is still below its March peak.
Current Issues: Focus on Trade Talks
- Trade talks: Attention is currently focused on ongoing trade talks between major economic areas like the EU/USA or EU/China. Such talks can lead to volatility in the short term and are of great importance to investors.
- Macroeconomic data: In addition to trade talks, other macroeconomic events are on the calendar that could influence market development.
- Technical analysis: According to the daily preview, the DAX temporarily fell below its ten-day exponential moving average (10 EMA) on the daily chart – a signal of short-term weakness or consolidation.
Outlook for Investors
Investors should continue to closely monitor the development of the DAX as well as international market topics:
- Stable foundation with vigilance required: The current stability offers opportunities, but caution is advisable given high valuations.
- Trade policy as a driver: Positive signals from trade talks could give the index a further boost; negative developments could lead to corrections.
- Attention to technical indicators: Falling below the 10 EMA can be a warning signal and should be considered in investment decisions.
In summary: The DAX remains stable near its peaks; attention is now increasingly focused on international trade talks and macroeconomic data – both crucial for the further market development in Frankfurt.