Last week, the DAX experienced a strong rally with new record highs and overall positive market development, despite some uncertainties in the financial markets.
Price Movements in the DAX
- On July 9, 2025, the DAX reached a new record high of 24,480 points, just above the previous peak from June (24,479 points). Since the beginning of the year, the index has increased by over 21 percent.
- On July 10, the DAX successfully addressed further price targets around 24,566 points but also indicated the necessity to partially secure profits in case of pullbacks below important support levels such as 24,375 or even around 24,000 points.
- The following day (July 11), the DAX showed some weakness after the new record but remained in an upward trend with target levels upwards around 24,601 to just under 25,000 points and supports between about 23,400 and 24,300 points.
Impact of Central Bank Decisions and Geopolitical Factors
- The markets reacted nervously to the issue of US tariffs; the deadline for potential tariff measures was postponed to August 1, which continues to create uncertainty.
- A possible progress in a trade agreement between the EU and the USA raised hopes for easing in the trade dispute, supporting the European stock market.
- The US dollar continued to strengthen, which also influenced market movements.
Volatility and Investor Sentiment
- The VDAX-New (Volatility Index of the DAX) was recently at about 17 percent, which is considered a normal range; this indicates that the markets are calming down but remain volatile.
- Values above or near this level signal no strong downward movements anymore; however, caution is advised given possible short-term fluctuations.
Corporate News & Impact on Investors in the German-Speaking Region
The earnings season increasingly came into focus for investor analyses at the beginning of the week (July 11), with individual company numbers needing to be assessed more closely – these can provide short-term impulses.
Inflation & Economic Data
Concrete inflation numbers or economic data were not explicitly stated in the available sources this week; however, they are still expected to be closely monitored due to their importance for central bank decisions and market expectations.
Conclusion: The past week was characterized by a strong recovery of the DAX with new highs despite ongoing uncertainties due to tariff disputes and volatile market conditions – a mix of soaring stock markets and cautious consideration by many investors due to geopolitical risks and expected economic data currently shapes the picture in the financial markets in the German-speaking region.