DAX Gains Momentum: Is the Breakout Finally Here?
The German blue-chip index started the week exactly where it left off on Friday. Just as it did at the end of last week, the DAX was buoyed by strong afternoon trading on Wall Street, allowing it to close the session above the critical psychological barrier at 25,014.87 points. This gain of 1.19% could be the starting signal for a highly successful trading week. However, a note of caution is warranted: only last week, Monday opened with similar strength, only for the index to spend the rest of the week "on the ropes" until Friday's late recovery.
Merck Leads the Charge and Tops the Index
The DAX leaderboard presented a broadly positive picture on Monday, reflecting renewed buyer confidence. Merck KGaA emerged as the day's top performer, climbing roughly 1.5% to secure the first-place spot. It was closely followed by e-commerce giant Zalando (+0.9%) and Scout24 (+0.7%). The overall stability across the index suggests that investors have regained their footing and were quick to capitalize on the lower entry prices seen during last week's dip.
Tuesday Showdown: US Consumer Data as the Next Catalyst
All eyes shift to the US economy this afternoon. At 2:30 PM CET, the latest Retail Sales figures will be released. In a market environment where the Dow Jones recently shattered the historic 50,000-point milestone, this report could act as a significant catalyst. If the figures meet or exceed forecasts, they are likely to provide the necessary tailwinds to keep the DAX on its upward trajectory.
Technical Summary: Reclaiming the High Ground
Technically, the DAX looks remarkably stable after two consecutive green sessions. As long as the index defends the 25,000-point level on a closing basis, the path toward new records appears open. However, should disappointment arrive from overseas, the "Shooting Star" formation seen in previous sessions could quickly become a topic of conversation again. For now, the bulls are back in the driver's seat.
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