The market developments in calendar week 28 (KW 28) show a clear upward trend in the major stock indexes, particularly in the DAX and the US markets. The DAX managed to maintain its short-term upward trend and even continued with new highs, indicating a relative strength of the German benchmark index. On July 9, 2025, for example, the DAX was at over 24,200 points with a daily increase of about 0.6 percent, just around one percent below the record high from June.
Developments in the US Markets
The US markets also recorded new records, with the Dow Jones, in particular, showing a strong increase of almost 7% within eight trading days in the days prior. However, there were also initial signs of a possible reversal just before the record high of about 45,073 points, indicating some caution.
Volatility and Political Influences
Volatility in the German market eased somewhat: The VDAX-New indicator fell slightly to around 17.25%, which is seen as a sign of calming and typically correlates with rising prices. Values below about 17% are considered normal to low; values above this level can signal falling prices – however, the situation is currently assessed as rather optimistic.
Additionally, the political developments provided positive impulses: The postponement of new US tariffs by President Trump as well as ongoing negotiations between the EU and the US fueled hopes for an agreement in the trade dispute, which strengthened investor confidence.
This combination of technical upward trends in the stock markets and positive political signals could encourage many investors to become more active again – especially those investors who have been on the sidelines due to uncertainties and now do not want to miss a positive market development.
In summary:
- DAX continues upward trend with new highs near record levels (above ~24,200 points).
- US markets also reach new records; however, the Dow Jones shows first signs of weakness after a strong increase.
- Volatility in the German market decreases, indicators signal calming and optimism.
- Positive political news (tariff negotiations EU-USA) strengthen investor confidence.
- This potentially promotes increased investment interest among previously cautious market participants.
Overall, these developments suggest that a sustainable upward trend has established itself, and investors are increasingly willing to invest.