The DAX Surpasses the 24,000-Point Mark
The DAX showed its best performance in the first half of 2025 since 2007 and for the first time since the end of June, it surpassed the significant mark of 24,000 points, representing an impressive achievement of the German stock market. On July 7, the index reached a daily high of 24,044 points, which is viewed as a potential turning point.
Market Reactions and Challenges
This development is particularly notable given the ongoing uncertainties due to US tariff policies. Despite looming tariffs, the market has proven resilient, as investors appear to react less fearfully than they did a few months ago, assuming that the US government will shy away from high tariff rates to avoid self-destructive effects.
Influential Sectors
The strong half-year performance is highly relevant for private investors, as it indicates positive market sentiment and potential opportunities for returns. Particularly, financial stocks such as Munich Re (+1.51%), Commerzbank (+1.46%), Allianz (+1.40%), and SAP (+1.37%) drove the DAX upwards. At the same time, there were sectors facing headwinds: chemical and automotive stocks like Merck (-1.93%) or Porsche (-1.38%) lost value.
Macroeconomic Conditions
Additionally, there is considerable evidence that inflation is under control and geopolitical tensions have at least partially eased—such as through a ceasefire in the Middle East—which favors an environment for further interest rate cuts by the US Federal Reserve and thus supports the stock market.
Strategic Considerations for Investors
- Opportunities for Price Gains in a Strong Market Environment
- Importance of Careful Sector Selection (Financial Stocks Currently Strong)
- Vigilance Regarding Global Political Risks Remains Essential
- Potential for Further Impulses with a Possible Federal Funds Rate Cut in the US
Overall, the best half-year since 2007 in the German stock market signals a robust economic dynamic with positive prospects for investors despite external uncertainties.