Yesterday, Wednesday, the DAX briefly managed to break through the 22,000 point mark. The last bit of energy was lacking for the German stock index to hold above 22,000 points. Nevertheless, profit-taking was limited, so that the hopes of investors today, Thursday, are based on the index continuing its recovery rally and that at the end of the trading day a score of over 22,000 points can be seen on the display board in the trading floor.
Customs theatre and peace efforts influence markets
There are mainly two topics that are currently driving stock market activity. The political issue of the war in Ukraine seems to send positive impulses that the parties are moving towards a ceasefire in a tough struggle under pressure from the USA. The second topic that provided a positive impulse on the stock markets in the USA yesterday is the topic that Donald Trump is announcing exceptions in his tariff plans bit by bit. Nevertheless, it remains a sensitive issue, because there is still no agreement with the EU, for example, and if Trump negotiates in a similar way to Russia and Ukraine, then the EU could suddenly be faced with a fait accompli, according to the motto "take it or leave it". The potential for surprises does not seem to have been fully exploited yet, which should keep volatility elevated.
SAP pulls DAX up - Deutsche Bank and Sartorius strong
The big driver yesterday, Wednesday, was the share of SAP AG. The DAX heavyweight rose by more than 10 percent, making it the big driving force. The business figures of the software company from Baden-Württemberg were convincing and have made it possible for the stock to probably embark on a recovery rally. Deutsche Bank shares were also strong with a price jump of 4.5 percent and Sartorius is also still on the rise. The share also grew by more than 4 percent yesterday, Wednesday.
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