Current Market Development
The stock markets are showing a surprisingly strong development in calendar week 26 (end of June 2025), despite ongoing geopolitical uncertainties, particularly in the Middle East. This positive trend suggests a potential return to record sentiment.
- The DAX has continued its recent recovery, closing up by 0.6 percent at around 23,649 points.
- The US stock markets also showed robustness: In May, both the S&P 500 and Nasdaq recorded significant gains of over 6% and nearly 10%, respectively, marking the strongest month since late 2023.
- European markets dominate the global rankings with eight of the ten best stock exchanges worldwide; the DAX has increased by over 30% in dollar terms since the beginning of the year.
Reasons for Strength Despite Uncertainties
- A temporary easing in the trade conflict between the US and China, along with doubts about aggressive tariff plans, has strengthened investor confidence.
- Slightly declining inflation data also contributed to the positive sentiment.
- Progress in tariff negotiations with the UK, China, and India has somewhat calmed the markets, even though volatility is still expected due to unclear global trade structures and slowing US growth.
Outlook
Experts expect that the markets will remain volatile in the coming months until new trade structures become clearer. Once this happens, further stabilization effects may occur and new investment opportunities may arise. The current market situation is reminiscent of past phases of tariff-related fluctuations, after which strong recoveries occurred – a possible indication that the markets can recover in the long term despite short-term uncertainties.
In summary: Despite geopolitical risks, the stock market currently shows surprising resilience with a tendency towards record sentiment – supported by positive impulses from trade easing and solid corporate figures both in Europe and the US.