DAX in a Buying Frenzy: Correction Worries Forgotten – All-Time High Nears!
The DAX showed unstoppable momentum again on Wednesday. German blue chips are enjoying great popularity among investors once more, sending the index soaring. The end of the trading day saw a strong gain of 1.22 percent and a closing value of 24,381 points for the leading index. While the DAX was accompanied by justified correction worries last week, it is now evident how dynamically investors must act to avoid missing major moves toward new record highs. With the currently established momentum, it would be no surprise if the DAX climbed above 25,000 points before Christmas.
The tailwind from the US strongly supports this development: The Dow Jones Industrial Average marked a new record high, and the US budget dispute agreement, positively celebrated by the Trump administration after a record shutdown, also provides fresh impetus.
RWE Soars Towards 50 Euros on Top Reports – Infineon Strong
Among individual stocks, energy giant RWE impressed. Shares gained over 9 percent yesterday, Wednesday. Positive interim reports pushed the stock further, and the psychologically important 50-euro mark is increasingly within reach. Year-to-date, the stock has already achieved a 43 percent return, significantly outperforming the DAX's development. Infineon stock also had a strong day, taking second place in the DAX ranking with a performance of 6.9 percent and a year-to-date return of 23 percent, closely matching the DAX's development.
DAX with New Momentum: Is the 25,000-Point Mark Realistic?
From a technical perspective, further price increases are initially expected for today, Thursday. Currently, nothing suggests that the momentum could be broken. Although profit-taking must always be anticipated, the market should be able to absorb it well in the current buying wave. The new momentum makes reaching the 25,000-point mark not only possible but a realistic target for the remaining weeks of the year.
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