DAX Stops the Brutal Crash: Will the Magic 25,000-Point Coup Succeed Today?
The bulls are impressively back on the trading floor! On Thursday, the DAX managed to stop its painful downward correction for the time being and end the trading day with a hard-fought plus of 0.6% to 24,944.95 points. Although the strength wasn't quite enough to reclaim the psychologically all-important 25,000-point mark, the technical charting launchpad for a brilliant week finale is perfectly primed! An unexpectedly falling oil price is providing massive tailwind. At the same time, an almost eerie silence prevails in the escalating Iran war. Even the usually blustering U.S. President is wrapping himself in an unsettling silence. Is this the calm before the game-changing geopolitical breakthrough, or a rock-hard tactical maneuver to pull his political head out of the noose just before the upcoming U.S. midterms?
Index Quake and Stock Frenzy: HochTief Mercilessly Pulverizes Porsche!
On the individual stock floor, investors experienced a real price fireworks display! The absolute high-flyer was Qiagen, which secured a sovereign daily victory with a gigantic price explosion of 5.3%. Close behind, Zalando (+1.8%) breathed a sigh of relief after the fashion group narrowly escaped the threatening DAX demotion at the very last second, followed by the perennial favorite MTU Aero Engines (+1.5%). However, the absolute bombshell came from Deutsche Börse: Porsche Holding is being mercilessly banished from the leading index! The triumphant successor is the construction group HochTief, whose stock has exploded by an unbelievable 397% over the past two years to a staggering 497.50 euros. But the utmost caution is advised: Rising to the stock market's premier league has proven to be a brutal curse for many high-flyers in the past!
Fateful Friday: Will U.S. Labor Market Data Ignite the Ultimate Stock Market Quake?
Get ready for the most important and dangerous trading day of the week! At exactly 14:30 CET, the global financial world turns its panicked gaze toward Wall Street: the highly explosive U.S. labor market data (NFP) will be published! This report is the absolute fever curve for the U.S. Federal Reserve. If data that is too hot—meaning too many new jobs—shocks the market, an immediate, brutal interest rate shock threatens! A solid but moderate employment growth, on the other hand, would be the ultimate fuel to catapult the DAX with full force across the 25,000-point sound barrier. Until 14:30, the trading floor will remain in a grueling state of shock and waiting-and-seeing. But as soon as these fateful numbers are on the table, traders must brace themselves for a sudden explosion of volatility and highly dynamic breakouts!
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