The German stock index is brimming with strength. While US markets are still digesting the correction from the Trump tariff affair, the leading German index is climbing from one record high to the next. And while the US president is being outmaneuvered by Vladimir Putin, Europeans seem to be doing their homework. The goal of ending the war in Ukraine quickly doesn't seem achievable at present. Investors in the DAX don't appear to be fazed by this. The index closed on Wednesday with a gain of 0.4 percent at 24,122 points, marking its third consecutive record day. Investors currently seem to have no interest in taking profits.
Infineon Benefits from Collaboration with Nvidia
Shares at the top of the DAX are once again rotating. Yesterday, on Wednesday, it was Infineon's shares that enjoyed the top spot with a gain of 2.3 percent. Infineon shares were followed by Deutsche Telekom shares, up 1.8 percent, and Commerzbank shares, up 1.4 percent. Infineon was primarily driven by news of its collaboration with Nvidia. This gave investors the necessary push to invest in the stock. How sustainable this investment in Infineon shares will be remains to be seen, as the stock's chart currently shows a strong increase, yet the cyclical high has not yet been reached.
Record Highs in DAX, But Not With Confirmed Closing Prices
The current chart pattern in the DAX is deceptive. While the DAX is hitting one record high after another, market participants are not succeeding in pushing the DAX to a higher closing price. The big question in the coming trading days will be whether this is treated as a flat correction or if the bulls are actually running out of steam. The daily lows should ideally be maintained if the DAX wants to continue its uptrend.
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