The DAX remains indecisive. Despite an initial sell-off, the German leading index fought its way back, yet closed with a loss of 0.5 percent at 24,152.87 points. While clear impulses are currently lacking, a positive sign might be found in the US. The American stock markets showed resilience despite new tariff threats from the US government and ended the trading day in positive territory. This could indicate that the DAX might follow suit and, after days of sideways movement, develop renewed optimism.
Bayer Attacks €30 Mark: Who Is Leading the DAX Winners?
In the DAX, the shares of Siemens Energy, Bayer, and Sartorius set the tone, forming the top trio of the index. Siemens Energy recorded a 2.3 percent price increase, Bayer gained 1.7 percent, and the Sartorius stock closed with a gain of 1.5 percent. The Bayer stock, in particular, is now heading towards its July high of just over €29 and is making a new attempt to break the psychologically important €30 mark.
US Tailwinds: Is the DAX on the Brink of a Breakout?
The signs for a positive start to trading are good. With tailwinds from the US, investors may be ready to buy back into DAX stocks and push the index toward its record high. On the downside, it is crucial that the DAX does not fall sustainably below its recent daily low. Should that support fail to hold, bearish movements are to be expected.
Will the DAX use the impulses from the US to break out of its sideways movement?
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