DAX on the Brink of a Major Breakthrough: How the US Summit Could Boost Markets
Even though the long-awaited record high wasn't reached recently, investors haven't given up hope for the DAX. The focus is now on the geopolitical stage: a summit in the US, with the US President, the Ukrainian President, the German Chancellor, and other European leaders in attendance, could pave the way for an end to the war in Ukraine. This prospect could ignite market imagination and give the DAX the necessary momentum for a new surge. Hopes rest on the potential for new economic opportunities that could arise after a peace agreement.
Airbus Nears All-Time High – BMW Breaks Resistance: Who Is Defying the DAX Hurdle?
While the market awaits major geopolitical signals, individual stocks are pushing ahead. Airbus, Bayer, and BMW took the top spots in the index. With a gain of 1.7 percent, Airbus is heading toward a new record high, supported by a strong and intact uptrend. After a correction, Bayer also managed to recover with a gain of 1.6 percent, trying to resume its upward path. Particularly noteworthy was the performance of BMW, whose shares broke through a key resistance level with a 1.5 percent price increase and are now attacking the symbolic €90 mark.
DAX at a Crossroads: Will the 24,500 Mark Become an Insurmountable Resistance?
From a technical perspective, the DAX remains poised to reach its all-time high. The 24,500-point hurdle is proving to be a stubborn resistance that needs to be overcome. After the index failed to break this level last week, it now faces a decisive challenge. The coming trading week will show whether the positive impulses from the US are enough to crack this resistance.
Can the DAX overcome 24,000 points and set a new record high?
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