The stock market party continues. The DAX sustainably overcomes the 24,000 point mark and manages to close above this important price level. On Tuesday, the German leading index closed with a gain of 0.4 percent at 24,036 points.
Investors seem to feel quite comfortable in the current environment. The change of government in Germany is being positively received and is leading to greater confidence in the financial markets. In addition, investments in Europe seem to be increasing again, as the rather erratic policy of the US government is causing uncertainty. The DAX, as well as other European stock markets, are currently benefiting from this situation. The DAX has already gained almost 20 percent since the beginning of the year. Few experts had expected the index to achieve this. Fundamentally, it remains important to observe how US customs policy develops, and geopolitical situations are still a hot topic that could escalate further at any time.
Fresenius Continues to Soar - BMW with Tailwinds
Among individual stocks, Fresenius Medical shares led the DAX on Tuesday with a gain of 3.9 percent, followed by RWE with a 3.1 percent price increase and BMW with a 2.2 percent price gain. Fresenius is currently experiencing strong momentum, which is still due to a very positive business report that continues to attract investors to the stock. BMW shares were boosted by the announced share buyback program. Based on the chart, it is not yet clear whether the stock can continue its recently started upward trend, but the share buyback program should at least give investors confidence that the group's management is convinced of its business.
DAX Might Be Running Out of Steam Slowly
The technical view of the DAX today showed a trading day that closed above 24,000 points, but the new high was not characterized by momentum. Profit-taking could still be well absorbed and countered by the market, but it is becoming apparent that the air at the high could be getting thinner.
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