The DAX is nearing the mark of 24,000 points again in mid-June 2025, having previously been burdened by the Middle East conflict and trade disputes. The recent easing in the trade conflict, particularly between the USA and China, as well as a preliminary ceasefire in the Middle East, led to optimistic responses from investors and a recovery of the index.
Current Development of the DAX
- On Tuesday, June 10, 2025, the DAX fell below the 24,000-point mark to about 23,987 points but managed to hold key short-term support levels.
- In the following days, a phase of consolidation emerged after a strong rally in the preceding weeks.
- The news of a ceasefire in the Middle East provided a boost to the DAX above key moving averages (50-day and 200-day EMA), which is interpreted as a bullish signal.
- A sustainable breakout above the threshold of around 23,750 points could enable the index to exceed the psychologically significant mark of 24,000 points again and even aim for the record high from June of about 24,479 points.
Influencing Factors
- The further development heavily depends on:
- The progress in US-EU trade talks,
- The stability of the ceasefire in the Middle East,
- Central bank comments (Fed and ECB),
- Labor market data from the USA, and
- Political decisions such as possible tariff increases or other fiscal measures from Berlin.
Technical Indicators
- The Relative Strength Index (RSI) is currently around the middle at about 51 to just below overbought areas (>70), which leaves room for price increases.
- Support levels are at about 23,000 to just below the current levels; a break of these could increase downside risks.
In summary, there is currently a rare phase of relative calm in the German stock market with an approach to the important mark of 24,000 points for the DAX – supported by positive signals from the trade dispute and an easing of the Middle East conflict, allowing investors to act more optimistically and partially recover losses from the conflict.