The Current Market Situation of the DAX
The situation on the German stock market is currently marked by uncertainty, as reflected in a significant decline in the DAX. On June 12, 2025, the leading index fell by more than 300 points, heading towards its fifth consecutive losing day. Around noon, the DAX was quoted at about 23,680 points – the lowest level in June.
Causes of the Price Drop
Geopolitical Uncertainties
- Middle East: Concerns about a potential Israeli attack on Iran and the reduction of US embassy personnel in Iraq for security reasons significantly impair market sentiment.
- Trade Relations: Disillusionment with the trade agreement between China and the US further adds to the uncertainty.
Market Psychology
- Profit Taking: After reaching a record high of around 24,479 points, many investors are opting for profit taking, which leads to further declines.
- Decreasing Momentum: The declining volatility and sideways movement indicate an increasing caution among investors.
Effects on Investors
The geopolitical situation is increasing risk aversion among investors and leading to intensified sell-offs. Analysts see the medium-term risk technically limited to around 23,408 points; should this level be breached, a new wave of losses could begin.
Currently, e-commerce companies such as Zalando or meal kit providers like HelloFresh in the MDax are particularly affected.
Macroeconomic Classification
Long-term, the outlook for the DAX remains positive, despite the current setbacks. In recent years, new record highs have been regularly reached, and rising quotes are expected to continue until 2030. Stronger corrections often provide good buying opportunities.
| Period | Development/Forecast |
|---|---|
| Short-term | Sideways movement/correction phase |
| Medium-term | Support at around 23,400 points |
| Long-term | Target: around 27,000 points (by 2030) |
Conclusion
The current decline of the DAX by more than 300 points reflects a tense market situation, driven by geopolitical uncertainties and macroeconomic caution. While further volatility is expected in the short term, the long-term outlook for German stocks remains fundamentally positive, provided that no sustained geopolitical escalations occur.