The DAX started the trading week cautiously. The absence of major drivers, due to the London stock market holiday and a lack of relevant US economic data, left the German leading index with little movement. The DAX closed with a slight loss of 0.37 percent at 24,273.12 points. Tension is rising in the market; there is no clear direction. This sideways movement could be the calm before a major event. It is important to note that the index is hovering near the crucial support level of 24,000 points. Without sustained optimism, a break below this mark could happen quickly, triggering larger profit-taking.
Rheinmetall Defies the Standstill: This Stock Is Soaring!
Despite the general restraint, there were clear outliers. Rheinmetall secured the top spot with a 1.7 percent price increase. Far behind were Deutsche Bank and Deutsche Börse, which posted marginal gains of 0.4 and 0.3 percent, respectively. At the other end of the spectrum, Merck shares carried the red lantern with a 1.9 percent loss.
DAX on the Brink: Is a Plunge Below 24,000 Points Looming?
Investors are now looking forward to the coming days, as the reopening of the London stock exchange could bring more volume. For the DAX, it will be crucial to hold above the 24,000-point mark. Failure to do so could be the initial signal for a deeper correction. Since the upcoming days are also light on significant economic news, the market's nervousness could continue.
Can the DAX hold its key support and break free from standby mode?
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